This is not the lightest multi-tool, by far, that I've owned, but it is one of the most complete and useful tools I've found. If a few extra grams is a major factor for your purchase, Crank Bros. makes a slightly less robust tool, the Multi-17, but if not, this tool packs just about every thing you could need for a breakdown on the road.
It has a quality feel that instills the sense of a quality piece, which also gives me the peace of mind to know I won't be left carrying my bike several miles down the road if something goes south on my bike.
Given the number of tools, Crank Bro's did manage to squeeze them into a fairly compact package, Also useful, is the light weight aluminum carrying case that will keep your tool dry and clean. It adds another couple of grams to the overall weight. The case will also keep your tool for handing up on other objects whether in a bag or your pocket.
In summary, if you're the type of rider that has to shed every single possible gram of weight, this probably not the multi-tool for you, conversely if you need a solid, well made tool for most possible situations and a few extra grams is not going to have you look at another tool, this is one quality piece of kit, especially for the money.
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