After being in the construction industry for many years, I have purchased the Wave tool as my first Leatherman, and only have one real gripe. Why didn't I have one of these tools earlier. It has relieved a condition that many construction workers have; over-stuffed, heavy pockets. I no longer carry pockets full of dedicated tools on the job. This one tool takes care of the dozens of little tasks that pop up on a daily basis.
I can't say that the tool is perfect, but it comes close. I would like to see replaceable wire cutter blades like the Supertool has, but it isn't a deal breaker. If I need to cut much, I'll grab a pair of linemans from the truck. The blades are great and hold an edge for a reasonable period. I really like seperate blades for serrated and fine edges. The bit holder is a great idea as well, as I use the tool as a quickly accessible screwdriver as much as anything, and am hard on my tools. The bit holder allows this hard use and won't leave a tool with a mangled useless dedicated screwdrives someday.
Overall, this is a great tool to have on my side.
Pros: Lightweight, Versatility, Strength
This review was written in the old system and had content requirements that are different than reviews written today.