Last weekend Home Depot included 2 knives in their holiday sales. One was a chinese knockoff of the Leatherman Micra (adds pliers and saw, loses the tweezers). The other was a folder with a razor blade for the edge. They are selling for $1.98 -- still had them in stock today.

They look somewhat tolerable. The blades aren't loose. The tools all seem to work. The blade is reasonably sharp. I could see the advantage of a replaceable edge on the folder for some situations.

The question is... is it better to spend $25 for one quality Leatherman squirt to keep in your EDC? Or buy a half dozen cheap but workable replacements and put one in each kit, with extras for the car, the office, etc.