I have a Wetterlings, which is very similar. It is a really good tool, but not what I'd get for a general purpose, all-around axe. Works best when choked-up, at least in my experience. Not long enough to really chop, and the bit profile isn't great for chopping, anyways. I assume by "general axe use" you mean chopping, splitting, woodworking, cutting, carving, etc., with most emphasis on chopping and splitting?
Excellent wood-working tool, even for a very clearly non-carpenter such as myself. I don't find myself reaching for it for most uses, though. Guess that would make it more of a specialized tool.
YMMV,
ben