Since I last wrote about it, he's debuted his product idea -- Mantool, a customizable multitool -- and made Business Week ("A Million Bucks In A Month").
His project is currently conducting broad, anonymous market research that you can help with --
- Generally, what your job, hobby and other related pastimes are,
- A list of about eight tools you'd most want to see available (including plier varieties),
- More ideas for craft-specific tools -- those very specialized devices that only you and your fellow tradesmen, hobbyists or enthusiasts use.
edit: They're on their final survey now: http://www.mymantool.com/Survey.html