Unlike the IKM product, it won't clip to your desk. (Advantage: IKM.) But it can easily slide under a keyboard or synthesizer, and effectively has a very small footprint. I got the idea for something like this from watching a video by Tim Webb: http://discchord.com/blog/2012/4/12/aka ... on-61.html.
I do notice that the IKM stand will hold your iPad a bit higher off the desk than mine. The LUXA2 can angle up for extra clearance, but once again the IKM stand is a little more flexible.
I like IKM's products and the iKlip Stand looks to be well-designed. But at US$70 it's a little expensive. I have no connection with Thermaltake, but I've been using the LUXA2 happily for a few months now and recently bought a second one. In landscape mode, the LUXA2 is just big enough to hold a small desktop module like the DSI Tetra or Mopho. I don't have a Korg Monotribe or Volca, but it might work for one of those too.

