I just held one of the element hunters at Scheels today - the chassis is very nice. Folding mechanism is definitely robust and I like it a lot. Grip felt fine, but with the trigger lock on there, it's hard to get a real good feel for it.
I certainly don't "need" one, but with a sheep hunt coming up in August, I'm weighing my options. I have a Gunwerks Magnus 7 SAUM that is just a few ounces shy of 10 lbs scoped. I need to pull the stock off and weigh it to see how it compares to this chassis. Besides the weight, the ability to fold it and have a much more compact rifle is really appealing.