The newest one seems a bit weak, the lever snapped off mine. But otherwise it’s fine. For some reason people seem to struggle with the operation but it’s really not hard. And if you don’t like it, the stealth axle is fairly cheap, and lighter.
But it sounds like the OP is describing a previous generation one? Which were very simple and very durable, and lighter than most of the competition, just not 100% foolproof. Now personally, I’ll take light and durable and not 100% foolproof, because foolproof’s not really a benefit for me. But for some folks it is…
Now 4 bloomin allen keys then a bolt-in bolt on my 36s, threading into a tiny wee thread, that’s shit.