Personally, I think the two lights are a good idea. Not for everybody mind you and a headlamp is probably the better choice, but the idea of a MT is having everything or at least as many functions you might need in one tool.
But then at 37$ its no cheapo.
I even found this glowing review online:
Popular Product Reviews[...] WOW this is a fantastic tool! I love that it has 2 built in flashlights that are very useful with this tool. I like how well this multi-tool is made. [...] I think this is on the level of a professional tool, the quality is that good![...] This would make an excellent gift. I recommend it.
I did shorten it a bit, didn't want to steal a whole review. Appears its time to retire your Waves, MP-600s and Spirits