Rating: 4 / 5
The Vaude Hogan Ultralight two-man tent is a great sub-4 lbs (1.7 kg) tent that seems to be little known outside of Europe. It is easy to set up and has an innovative "three leg" design." The tent is fairly long and thin, so it's good for people like me (6'3'') who [no longer] carry a lot of stuff with them. I've spent probably 40 nights in mine so far and have loved it. I stake the fly out carefully so that it almost never touches the inner wall, causing condensation.
The vestibule is small, but forgiveably so for UL hikers. The workmanship seems to be very good -- no wearing or seams coming apart.
The rain fly weighs 400 g and can easily be used as a tarp tent without the rest of the tent, due to its shape. There is also a footprint, but it is hard to come by.
I will soon be switching to a true UL tarp, but I will definitely hold onto the Hogan for miscellaneous trips. I got a good deal on it for $180.
Added a year later: I've lowered my rating to 4 due to durability issues with the poles. Some people I lent the tent to broke the poles in windy conditions, rendering the entire tent now useless. Whoops.