I was running a wave, but recently picked up a Leatherman Skeletool Multi-Tool, its a bit lighter and still has all the tools I need. The deal breaker for me is I wanted pliers and a full size blade for breaking leg joints down on animals. Anything smaller I'd be afraid of apply too much torque. 5 oz is reasonable weight penalty for me.
I was carrying the skeletool and then I broke it so sent it in to get it replaced under warranty. I really like it a lot it has the necessary tools in my mind and not the 12 other that I will never use.