Just got mine from the drop. It's about the same weight as my old aluminum machine era first gen, I couldn't measure directly because my dumb scale just broke.
The elastic is a lot stronger (though that could just be wear on the old wallet), which is a good thing and a bad thing:
a good thing because, of course, it'll hold stuff better.
A bad thing because the new shape means you have to stretch the band length-wise to put a card in, which is difficult if there's not already one or two in there. But that's really just a nitpick
All in all, I'm very happy with it.
All in all, I'm very happy with it.