I'm not sure this qualifies exactly as a 2011 discontinuation, and it's not too serious.
It seems the white LED leds are now shipping on the SwissLite, Midnite Manager and Midnight MiniChamp and I've seen the red ones discounted pretty heavy sometimes over the last couple of months so I think the red mini led saks are simply running on existing inventory. I just checked a couple on SwissArmy.com and they are gone.
I'm not convinced Spirit S is gone for good yet, it's a hard thing to accept, but it sure looks that way right now.