That's a nice sheath.  On a related note... I can't wait for the M9 LE to come out and for Jeff to get one, so he can make me a sheath for it.  I'm still having trouble deciding exactly what I want, though!  One day I want a pouch, the next day I want a dangler.  The day after that?  A traditional sort of mid-height sheath.  And then I start looking at tooling vs. inlays.  
I always have these problems, though.