That is a most interesting 'thing'. I found another use for it. You could probably use it as a boat rudder. Jokes aside there may be some merit in it's capabilities. I think measuring the incline for possible avalanche is a bit of a stretch...but hey I'm in Australia. What do I know of avalanches!
Some of the features seem kind of gimicky, the basic ulu knife and hatchet functions would be what I'd be most inerested in, but the other stuff seems like it would be fun to try out....especially the arrow launcher!
The ATAX kind of reminds me of the old Charter Arms SKATCHET that the used to advertise alot in gun and outdoor mags back in the day.