In a collectors eyes, the original wave for sure...after all it's a classic tool and one from which leatherman has set the "wave" so to speak of how tools are looked at now, quality wise and also the creative design.
I owned the old one and now own the new one, I like it...like it alot, but it has it's drawbacks, I am iffy on the mini and regular bit drivers and the scissors are too small, course now the bigger blade, locking tools and pocket clip kick some butt. Alot of people prefer the orginal wave, others want what's new, I'm a little bit of both.
DavidBinGA