After my experience with the newer gerber products, I don't think I'll ever buy another. The locking arm on my (framelock) paraframe II broke completely off in a zero-abuse situation. Replaced under warrenty; new knife had no edge, just a rough bevel ground on. I literally couldn't cut myself with it (I know, because I tried in disbelief!). Will not take a shaving edge for the life of me. Haven't tested the retention of the edge it will take because I promptly went and bought a Spyderco! But I can tell you my first paraframe II didn't hold an edge for shit, and neither does it's baby brother the mini paraframe (which I EDC while I was waiting for the para2 to come back).
Its a shame, because my gerber multi tool (original, before they even came out with the locking model) has held up great over the years; even if the knife blade sucks...