This is my 3rd Leatherman Wave. The first one was a "found" gift from an airlines unclaimed lost-and-found bin (after the passenger realized they couldn't fly with it, of course). It was one of the classic models with a few minor differences in the auxiliary tools. Then I lost it at a job site. Purchased a second, more modern one from a local sporting-good store. Lost that one at a job site a couple years later, too. Now I have this one in black (woo!). The included MOLLE sheath is going to be attached to a new toolbag I'm buying for purposes of getting MOLLE mounts. With luck I won't lose this one.Out of the box, both this model and the stainless-finished model from before were quite difficult to operate. The hinges are quite stiff. They do need a little time to break-in and can be helped along a little with some strategic lubrication - lightweight oil works great but don't use WD40 unless you plan to keep doing it periodically. I usually just dunk the whole thing in, pull it out, work all the moving parts a few times, then thoroughly wipe off any excess.As for tools, it's great. But I would say that, wouldn't I, having owned 3 of them now? The knife stays sharp enough for long enough that I generally only need to have it sharpened about once per year. The pliers aren't spring-loaded, but that's a feature, here. I use the wire cutters often, but they're used to strip Cat5 cable strands prior to installation in a terminal block and, for that, they're excellent.I like the black finish but I have my doubts about the durability of the finish. It probably would have been more durable with a full anodizing or, as some other reviewers suggested, a process used for gun parts. But then I'm not sure how they'd have to adjust their final assembly process to account for the different finish. Based on how easily it appears to rub off, it's probably deposited copper selenium compound. Don't get me wrong - it's not going to affect performance of the tool since the Wave is made of stainless steel underneath, anyway. But if your life depends on not being seen, it could be an issue. I suppose you could have it re-coated at some point, as well, or just use a sharpie pen to fill the gaps and scratches.Seeing as how a matte black finish is a strong selling point to the military, the included sheath is a nylon MOLLE type typically found on military bags, vests, helmets, etc., rather than the traditional leather belt-friendly sheath. I suppose you could wrap it around your belt, but it's kind of missing the point. Mounted to a MOLLE pack, this sheath isn't going to go anywhere.