ok,
I have had one for years – its mostly with me on big / multi day rides.. I agree that most of the stuff you will never need…
However in its defence it has been used to adjust gears / change gear cables whilst cycle touring in iceland – and also when we split a nice alloy easton tent pole = leatherman saw / file was used there to fix it…
Have used the pliers on trail rides to straighten chainrings and to help bend mech cages back…
Best bit is using the knife / pliers on the tyres to dig out / remove stubbon thorns / flint / glass which you cant get enough purchase on to use your fingers… or maybe i am just weak…!
Also used the file to smooth off burred chainrings… the best bit is prob the pliers…
I do like mine – the scissors / knife are handy when camping etc but less so ' on the bike '
paul