This is the same light as the PBSF:
http://www.pricepoint.com/detail/193...fety-Light.htm
You might see my post in the lights/gadgets forum asking about it, and someone thought it wasn't the same...but I just got three of these and one of the Superflash yesterday. Same lights, different package. The PBSF has a nicer mounting strap/thingy.
For multi-tool, I like this:
http://www.pricepoint.com/detail/142...Multi-tool.htm
It has tire levers and a chain tool that works well. I lost mine and bought another.
For front light, consider a good LED flashlight and Two Fish lock blocks. Lockblocks are $6.95 at Battery Junction. You can get by with a Maglite LED with two AA or three AA batteries -- depending on how fast you're riding.
A Romisen like this will probably be better and cost about the same as theh Maglite:
http://www.shiningbeam.com/servlet/t...CREE-Q5/Detail
A spare tube in case you have a flat that can't be patched.
That's really all I carry as far as gear on my commute - 27 mile round trip.