I think people are over complicating its use. I believe any use of liquidmetal will be obvious and Apple will. Are a big deal about its use through some Johnny I've montage about it.
I had decided not to share the following because I plan on purchasing more shares in the coming 2 weeks but I doubt posting on this board will really have any bearings on the price.
Below are my thoughts on Liquidmetals first use in an Apple product (other than a sim ejector).
I think they will finally use it in the ipad next month based off the image leaks that have come out.
The primary reason that their is a plastic apple logo right now is for signals to pass through the back of the case; I doubt its aluminum or they would of polished an apple logo instead of putting in a new metal insert. Also the outside portion f the logo has a mirror finish; for those not aware liquidmetal can be cast with this finish and also the internal part is quite shiny, why would apple polish an internal side? The only other thing that it could be other than liquidmetal is possibly stainless steel polished to a mirror finish, but why do this when liquidmetal comes out looking like it already.
Here are two leaked videos showing the ipads on youtube. Notice the super mirror finish on one side and polished looking piece on the inside.
Now compare the metal you saw to these pieces of liquidmetal. The first one is a video of a knife made of liquidmetal and the other 2 are images from the liquidmetal site.