Got a U1233A at work, not a U1231A, but they're somewhat similar. The deciding factor in favour of the U1233A was that it has a flashlight built in, as it was bought for work in a lab where full room lighting isn't always available (sensitive optical components), but you do need some local lighting to see what you're doing. The flashlight probably is the most frequently used function.
General comments: nice, compact, fits well in the hand, good rubber holster with probe holders. Battery compartment opens with one screw into a metal insert. Good fuse on the amps range (rated for breaking up to 30kA). Flashlight intensity is adjustable. No full manual included, just a quick start guide, but it can be downloaded from the Agilent site. Several features of the meter can be configured through a menu system.
Clearly an electrician's meter though. For one, it has no mA range. It does have a microamps range, specifically for flame sensors, which gives some idea of where the real target market is. Included probes have somewhat fat tips with only a few millimetres of exposed metal, and CAT IV 600V rating, higher than the meter itself. The noncontact voltage sensor seems to work well.
Definitely not the fastest autoranging ever, but functional. The continuity detector is a bit odd. It can't seem to decide between nice solid latched beeps, or the scratching sound often heard from cheapies. One interesting thing is that you can set it to either beep when the continuity check succeeds, or to beep when continuity is broken. I suppose that could be useful in some cases. The min/max feature is also handy on the less stable signals.