I also hate to have too many keys and miscellaneous items attached to my key ring. It's bad enough that I have an alarm remote on there!
What I think is nice about the E1e is that it's very pocket-friendly. My neighbor has a pair of them, maybe three or four (I really have to introduce him to CPF), and he carries one with #550 OD parachute cord attached to his key ring. He's a big guy, anyway, and it looks easy enough for him to carry. Then again, he has about twenty keys on that darn thing. /ubbthreads/images/graemlins/ohgeez.gif
I'd have to agree - the Arc AAA seems to be more of an appropriate size, at least in my anticipated opinion since I'll be receiving mine soon and was one of the reasons why I wanted it. (Not to mention all the good things mentioned about it)
-Jim