Meat,

The Trekker is serrated, but Victorinox serrations are very minor. You can make them out in the picture but just barely. The nice thing about them is that if you don't like serrations (like me) you can just sharpen them out into a straight edge.

For the money this knife is tough to beat. The saw is excellent for making figure 4s and deadfalls, and the one-handed opening locking blade is great to have on a swiss army knife. And if you lose it you don't feel quite as bad as if you lost your Sebenza.

Greg