Got one for Christmas last year (standard model -- haven't seen the Wave model); think my wife purchased
it from the Sporty's catalog.

Used lightly, done fine -- don't know that I'd put major stress on it though (but then the length of the
leatherman == handle, so w/o a 'cheater bar' you can't really put a lot of stress on it).

worked fine for minor bicycle work, lawn mower, canoe, etc. -- but I wouldn't want to assemble a swingset
with it!