Paul - the blade locks up just a little to the right usually. Not enough to be a concern. I'm left handed and still getting used to the Wave feature, but lord it's fast. It takes some practice though. It also opens with a flick of the wrist easier than any knife I've ever had, including the AFCK. It is very smooth and there's no blade wobble.
In contrast, I have a Benchmade 710 axis lock that I like a lot, but it's not nearly as smooth. I loosened it a little (had to buy a damn torx wrench) and it started to wobble. I assume this is just a feature of the axis lock?