It also came with a Dennison reel. I don't know anything about these except that they are very light. This one weighs 2.2 oz. It's got a friction drag both directions that doesn't appear to be adjustable, but it's certainly tight enough that line's not going to fall off. It's also nice and small--a pretty cool setup. Here's a pic next to my current smallest reel--the Orvis BBS I.
I'll have more details on the rod in a couple of weeks.
Jerry

