I've always preferred Gerber tools to Leatherman. Gerber is a very fast-deploying pair of pliers; Leatherman a relatively fast knife, slow pliers. Since I carry a Swiss Army knife in addition, the Gerber fills the bill.
Wore out several Gerber "holsters" over the years - the sharp edges of the pliers sticking out tended to wear through the bottom. Then one day I found a magazine carrier (for one double-stack Glock-type mag). It has *very* strong (impregnated?) stiff cordura sides and a Velcro flap. It's absolutely great!
On the good news/bad news front ... A couple of years ago, I returned a Gerber with a broken blade to the factory (just south of Portland; handy for me as I have a house in Corvallis). Good news - they have a lifetime warranty and replaced it with their latest model for free. Bad news - the new tool has triangular carbide inserts for the wire cutting function. You can rotate to a new side when one gets dull. Only trouble is, carbide shatters much too easily! I don't know what I've been doing wrong, but I've broken two of the inserts. Replacements aren't covered by warranty, and they're not cheap!
If you want to get a Gerber, I'd suggest thinking twice before buying one with carbide inserts. Other than that, I love 'em, and use mine several times a week.
- hman
(John)