I have the powerlock EOD in black. I liket the tool very much. However, I have to say that I do not like the blade. It is too flimsy. My blade has a little bend in it I dont know if it arrived in my possession that way or I bent it. It works but I have a tendency to lean toward thicker blades on my tools and knives.
Time was, I'd agree with you. Heck, it's the main reason I retired my beloved Leatherman PST for a Wave when it came out, many years back now.
But these days, I'm rarely without a "real" knife, either a lock-blade folder or slipjoint (and usually both!) in addition to a multi, so to me, the knife on a multitool is there as a back-up only. In fact, while I prefer plain-edged blades on my knives, I'm getting to prefer serrated blades on my multitools, just in case I need serrations.