I have had one of these for the last 7 years (my how time flies!!) They are a superb small axe and really useful, I have made everything from spoons to canoe paddles, I kept mine by the stove for a while to knock corners off logs that were slightly too big (had a mini chopping block too), I use it with the scouts, use it when collecting kindling, everything.
If you want to know the potential of pocket axes look at woodcraft and camping by Nessmuck. with skill and intelligence you can do a lot with a tiny axe. You just have to remember that there are limitations and also little axes can bounce back quite fast as they have no counterweight from a handle - I have a half inch scar on my left wrist to show for that mistake, an inch higher and it would have been very nasty.....
Also don't expect your other half to understand why tiny axe costs the same as big axe.