Hi john,
I too could not resist a new SAK.
First off, I like it. It's one layer thicker than a regular huntsman but is not so bulky as to be relegated to the too fat/heavy to carry pile. It doesn't really give a huge weight difference or bulk in the pockets for EDC.

Not only do you get the LED, Philips screwdriver & corkscrew, you also get the small eyeglass screwdriver, pen and steel pin in the sides. It really ups the usefulness factor quite a bit.

The LED light portion is not really waterproof, so washing the led module would not be really advisable. Splashes should not be a problem. I will try to wash the knife and see how it stands out and post a seperate review.