Funny how these things happen... After reading this thread I went thrift store shopping and there it was today at the Goodwill, a perfect condition Quilter's Rule for $2.00. I picked it up and will try it next time I'm cutting long strips. My first impression is that it will be a little annoying for me figuring out the inch markers but I like the feel of the grips and it could be a good thing.
I think my original ruler way back when was a Quilter's Rule... it may have been an EZ Ruler. It didn't have the grips on the back but it did have nice clear lines.
I have them and I use them but I'm not a fan of the Omnigrid as I don't need/want/use all of those subunits and it's hard for me to read with my vision issues. Quarter inch is good enough for me, even back when I cut out my HST at size + 7/8" instead of using other techniques.