I previously owned a Feathercraft K-Light (sold it about a year ago) and now own an Oru. My Oru review would be pretty close to espennr's. My K-Light was the first generation model.
I prefer paddling the Oru to the K-Light, the coroplast used on the Oru is a lot firmer in the knee area and so it is easier to get good bracing strokes. The K-Light does have better foot support, but the simple system on the Oru is pretty effective. The Oru is pretty fast for a 12' boat, I paddled it about 3nm/6km last weekend and didn't feel like I was giving up a lot to a bigger boat. I'm used to high end British-style sea kayaks (my last two rigid boats have been a Valley Nordkapp and a Wilderness Systems Tempest 170 Pro). The Oru doesn't handle as nicely as those, but it is a lot better than I expected out of a 12' rec-style boat. I haven't had a chance to try the Oru in really rough water. I keep forgetting to bring my spray skirt too, I've rolled it once without (and missed once when I picked up too much water).
Storage is limited since the Oru is so small. A lightweight camping setup would fit though. Storage access is nicer than on the K-Light since you can quickly "unzip" the top of the kayak.
The K-Light packs down a little smaller, but takes considerably longer to pack and requires more space to pack or unpack. I can unpack the Oru on the deck of my 9 meter/29' sailboat, where doing so with the K-Light would probably have ended with parts going in the water. Packing time for me is around 10 minutes and I've done it about 4 times so far.
I did find the plastic to be very stiff on the initial unfold and fold, but now that I know the procedure I find it to be a lot easier. I think that this has more to do with learning how to handle the fold than with the plastic breaking in.
I posted some other thoughts on SailNet, you can find them here:
http://www.sailnet.com/forums/general-d ... eview.htmlmje: did you ever get a test kayak from Oru? It would be interesting to hear your review since you've paddled more folding kayak models than almost anyone.