I really wanted to carry my Wave (better file & saw), but ended up carrying my original leatherman. I carried my RSK in my pocket, but my leatherman was in the pack. Very handy on the trail.
If you have a new Wave you can get a pocket clip for it. I carry my Charge Ti clipped in my pocket all the time, even when hiking. I don't notice it is there. It comes out and open as fast and easy as any other one-handed, clipped, pocket knife. <img src="/images/graemlins/grin.gif" alt="" />