It looks like a well made RESPONSE to carrying survival gear in the sheath. INNOVATION is marketing speak for " We are copying what people in the field are doing." I believe Beckers sheath inspired this trend with a tight fit for the classic Altoids PSK. It's a step up, or out of hollow handled knives. If the concept appeals to people fine. Keeping essentials in a single rig has it's pros and cons. If everything works and is secure your styling like Stallone. If something fails practice smiling like Leslie Nielson. Personally, I'll stick to my pockets. They come free with my clothes and $50 is a lot of sushi with my G/F. Any knife I buy better have a functional sheath to begin with anyway.