No blade at all?
No blade at all. I was thinking of putting on the small serrated blade from the Kickman in place of the can opener but decided against it as I usual have either a Spyderco Tasman Salt or Dragonfly H1 both with serrated blade on me. I also carry another Spyderco of some sort in plain edge in the pocket as well so I've got the knife angle covered. For me the saw is more usefull on a multitool than a knife.
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On a side note, the saw does have a slight up and down movement. Nothing major and the lockup is solid. Also the saw when folded, fits really nice. I forgot to take a pic of it. I'll try to post one later. If someone wants to try it out it's not difficult. Just a very small amount of material was removed. I didn't need to use the belt grinder. A file would have worked just fine.