I like it.
My climbing partner keeps one clipped to his harness. It's been through a lot of crap (ice, dirt, grating rock), and still works like new. It looks like hell, but the action is smooth and it cuts old anchor webbing like it's nothing. I've even used it to chip out ice.
I think it's a more practical design than it gets credit for. Good blade shape, lock, and easily opened even with gloves, the carabiner clip is nice too.