Well, I think I will take everyone's advice on shoes and go with a non waterproof shoe that will dry quickly. How about the X-talon 212? This is the lightest one inov-8 makes and is only 14.96 oz for a pair. Oh and Mike, about the knife, I know, it is irrational for me to carry it being that heavy, but I just love the darn thing, I am slowly but surely working on parting with it, but it takes time, I have a special bond with my knife :P Good call on the personal items (wallet/phone/keys). I will probably just ditch those and carry my ID with me. Also, I will give Driducks a try but here's the thing... I do a LOT of bush whacking, and I've read terrible reviews on the durability of these things. However, being that they are so cheap, I may just buy a set and try it out.
As for the firesteel, I do have a mini firesteel now that weighs only .12 oz. I like the idea of firesteel more because with matches I always feel like I'm screwed if I run out for some reason. It takes a looong time to use up a stick of firesteel.
Thanks for more useful advice guys, I'm still improvising my list more and more each day, but I'm close to getting it to be 6 lbs, maybe even a little less! I think if I can get down to under 6 lbs I'll be satisfied (for now). 5 lbs is my ultimate goal. I can get it down to 5 lbs for a summer trip but I'd like to get it down to 5 lbs for the Colorado trip with much lower temps.