Not my cup of tea, but some folks like gadgets like that.  Gut hooks are hard to sharpen for some reason, even using a ceramic rod. They work better at their original purpose; to hook a coffee pot bail off a campfire.  The ring type handles I've tried are kinda awkward for me also.  I carry a SAK in my pack, and while it might be a bit heavier, it will do anything that knife will, plus.  Still, it's different and I'm sure it will cut.