Good tool? Yeah, the quality is pretty good actually. It is built just like a Multi-Plier 600, which is generally considered the best Gerber makes.
The problem is the design itself.

The LED light is quite weak by today's standards, and the boxy shape of the tool isn't the most comfortable to carry. Plus you have to open the "lid" every time you want to use a blade. A good Swiss Army Knife with the same blades makes a lot more sense from an EDC standpoint.
On the other hand, the Multi-Lite has a higher gee whiz whatcha got there! factor
