Thanks for all the replies guys, very helpful! I really just want to have one of these vests to add to my "arsenal" of vests. I think for being out on the dinghy, you guys couldn't be more right...it's not worth having. I might also need to replace my current "full" vest as it has a lot of straps and getting caught on something on the way over worries me greatly.
But as my plan goes, I'm trying to spend as much time on bigger vessels and therefore want to have the option of the off-shore vest. Thanks for all the help...
Have people had good experience with the WM 4000 version? Thanks to NOLAsailing for mentioning it!
Also, when you buy one of the off-shore jackets, with the "integral harness" is the harness PART of the jacket or could it be removed when it's not necessary/you don't want to use it?