I switched to the Victorinox with RED LED and pen as soon as it came out, and I really like it. There are times when I would prefer a white LED, but the red is better for taking notes without disturbing others.
(And I now carry a white ARC AAA, which is great for walking around during the summer blackouts.)
My girlfriend loves her Wenger white LED with tweezer. I just wish someone would make one with LED, tweezer, AND pen. Maybe someday?