It's a great model thanks to that centered inline phillips. Unfortunately the LED was just a bit thick, which made the whole layer thicker, which in turn made the overall thickness of the SAK just a bit too much for three layers.
That LED light turned out to be the Achilles heel of that particular model. In addition to being prone to being accidentally pressed on, there were loads of complaints that it was made so you couldn't point it in the direction you wanted while using the SAK, and that you had to be careful not to get it wet.
I think they made a mistake by including the LED and they should've just gone with the magifying glass instead. Had they done that, I think it could've been an insanely popular model. It feels like a missed opportunity. Then again, models like the Yeoman and the Scientist were also discontinued and those were arguably better.