Many around here have given up on large multi-tools in the name of simplicity. I still have a certain nostalgia for my big swiss army knife I bought when I was a kid, but have been considering toning it down a bit.
Before looking for a multi-tool I would try to define what tools you need/want and look for the tool that hits those without too many extras. For me, I find in the backcountry I use scissors quite often. Tweezers get used fairly often for splinters. Unlike some in the lightweight hiking community I find I need a decent sized blade to hack through the most unruly salami's I regularly encounter while backpacking.
I've been eyeing up the leatherman Style CS for a while, but I'm not sure if the knife is long enough for me.