Geez, and for 0.04 pounds more, you could ride an SLR that actually has padding.
And no cutout... cutout saddles are actually heavier, because the extra material needed to strengthen the saddle at the sides and ends of the cutout invariably ends up weighing more than if there was just no cutout at all...
I have an SLR as well, stripped, (and unpainted) and it weighs 116g... for 9g more I'll take the cutout.