I currently edc the PSII, but I've ordered the New Wave.
I'm very satisfied with the quality of the PSII. Were it all comes down to is to use the right tool for the right job.

If I need big pliers, I'll get my Vise Grip. If I need a big screwdriver, I'll use a big screwdriver. I use the leatherman for those occasions were I cannot use my regular tools, and they haven't let me down.