I think I have been probably one of the biggest, if not the biggest proponents of a Small Umnumzaan. I have literally been waiting on a Small Umnumzaan since the day the Umnumzaan was announced at Blade in 2008. I just can't wait to get my hands on one.
I think it would truly be the ultimate folder for me because I only carry smaller knives. Bigger knives just don't feel as comfortable for me. I bought an Umnumzaan that I will never carry just because I am fascinated by the design of the knife. I am just amazed at the overall engineering of the knife with the two sole points of attachment, the single thumbstud that functions as the blade stop when open and closed, the ceramic ball that serves double duty, etc.
I think we'll see one eventually, and I have a very good reason why I think so. In the 2/16/09 Woodsmonkey interview, when asked about the possibility of embellishments being offered on the Umnumzaan in the future, at 41:05 into the interview Chris Reeve himself says that instead of next offering embellishment options for the Umnumzaan, "the next step is to make a slightly smaller Umnumzaan." He goes on to say that he understands the strong demand for a smaller Umnumzaan, and that he needs to make and sell Umnumzaans for a while to pay the tooling off before he can afford to make the investment to produce another new knife.
Let me also add--as I have said here befire, I think it's pretty clear that Chris/CRK would deny the existence of a Small Umumzaan until the day it's released. So I dont think the fact that anecdotally Chris has constantly denied that it will be released tells us much. CRK has a long history of denying anything and everything until they are ready to release it on their terms with their own announcement. You're not going to get a "scoop" on a new product by calling CRK or talking to Chris or anyone else at a knife show. That's just not how they operate.