I've owned one of the x-tracts as well. I actually really liked it a lot. Like jonnyt16 said you can get an equal valued leatherman or something which could be better, but it really depends. The things I liked about the xtract: 1. that the blade is a full size, and flicks open very smoothly actually. 2. You can get a full hand, comfortable grip on any of the tools. This is where it beats any leatherman. better than a SAK but not by a ton or anything. 3. And if you get it with the light you technically wouldn't need any other knives to carry on you. It'd have a full size blade, scissors/light, pliers, and screwdrivers.
But the reason I didn't like mine and that i got rid of it was that it was too big, and since I enjoy carrying a singlebladed knife on me I went with a smaller multitool. The leatherman style ps has been PERFECT for me