I always thought the Flair was somewhat of a joke. I mean, why the heck waste precious blade space with silly things like a Coktail Fork (little pickle sticker) or a Spreader Knife (butter knife with no serrations). Both are really quite useless.However, I have appreciated the corkscrew on mine a few times, and the pliers and handles are the same as a good ol' PST. As a matter of fact, the Flair has all of the same capabilities as a PST II, except that it substitutes the corkscrew for the diamond file.
I got my Pulse in the mail today. I like it. It's light weight, has strong pliers, scissors (a most used tool for me), diamond file, and all the screwdrivers you need. And the ST 200 style lock release that I always hated is much easier to use on the Pulse.