I have been through 3 Leathermans in the last week. Bought my first Charge TTI got it home and noticed I had a long hair sticking out of my beard. Went to trim it with the scissors and they just exploded. Took it back and got a second TTI, and while I was at the store I bought a Style PS for my keychain. Got the second TTI home and the safety cutter on the back of the serrated blade wasn't sharpened. It was just a hunk of steel. So I took that back and was so upset with their QC I just asked for a refund and not an exchange. The next day at work I went to bend a Benchmade knife clip from a friends knife back into the correct shape (not harping on it I was just giving it a slight twist) and the pliers broke in half. I just threw it right in the garbage and vowed then and there I would never buy another Leatherman. My little brother has had his Wave for six months now and he uses it everyday all day (he is a machinist) and it has worked great, so it goes to show you everyone's mileage varies, but I don't think it was bad luck that I got 3 bad ones in a row. Inversely I bought a Victorinox Spirit X and I have been VERY impressed with it. All of the tools lock up extremely tight and don't have that liner lock play that Leatherman has. The Spirit X just feels so much better made with way better fit and finish and was half the price of the TTI. TL;DR Yes, I believe Leatherman has been going in the dumps, but again your mileage may vary.