Very interesting (and passionate) discussions here... Since this particular one hasn't mentioned yet, I present this for your good laughs.
About a month and a half ago, I posted a help request for a small pocket folder. I received many good leads and comments, and guess what I ended up.
Now I happily carry, in my pocket, a Xikar Elan. This one has MOP handle over some stainless steel frame (very thin), and sort of a frame lock (also very thin). The blade material is said to be Z60CDV14 stainless steel, which I never heard of before (BTW someone knows anything about this steel, please share your knowledge). On the blade, it says "built in Italy", whatever that means. By now, some of you are LOFLing...
The reasons why I picked this one. It is very small, just like I wanted, at 2.7" closed. Very light weight, very thin, almost not there, which is great. Rounded shape all around, real easy on my pocket. And this one does not look much of a knife to anybody, which is important for my surroundings. However, this was still a compromise. It is not as easy to open as I like, even though I am getting used to that after some practice. Factory sharpening was not all that great, I spent considerable time to resharpen the edge until usable. I have no idea how long the edge will hold (Again, please someone comment). That thin frame lock is practically a non-issue for what I am using this for, and the way I grip the knife puts my finger right on the locking mechanism so that I am not worried about the lock slipping off.
I agree with the someone's earlier comment that the best knife is the one you have when you need it. Since this is about the best I found that I can carry everyday, I should be REALLY happy... But I am NOT.
I guess I am still looking for that "The Ultimate Pocket Knife" for me. And for those defensive-tactical situations, I will just have to keep practicing my kicks...
ps: Sebenzas - I agree with everyone who say they are great. I now have 2 small regular ones, one in BG-42 and the other in Wonder Steel. Wish I could carry them, but I cannot.
pps: I like the frame locks for one simple reason, they are super simple. Speaking of parts count, hard to beat.