I must admit, I am a tool junky. I have an old Wave, a new wqve, the first Leatherman [first month of production, no less] a Leatherman Flair, and a Gerber Recoil [the spring loaded opening one].

My favorite is the new wave with a pocket clip. The old Wave is great, and the tooll adapter is very, very useful, because of the ability to use and 1/4 drive hex or square firve bit with appropirate adapters. I keep that one in my FatBoy.

I'm like Franciso -- I don't use any multitool as my primary blade, but either Wave is competent. The serated sheepsfoot blades are good to have for rough work.

The original and the Flair are much more compact, obviously, and I keep the original in a brief case kit, and the Flair -- well, it's just for the hell of it and I carry it when I don't feel like the bulk of the Wave, or for food. The cocktail fork and the pate spreader just make me smile, I guess.