Fate are a new brand heavily into performance parts at realistic prices. The Ying Yang saddle's a great example.
A flexible plastic base, complete with central flex slot, topped with a Flite-like level of padding and genuine leather cover means the whole structure has enough subtle give for a decent level of comfort without feeling too squishy.
Add in the titanium rails, which help tune out some of the high frequency trail buzz, and you've got a saddle that'll do justice to practically any performance cross-country or fast trail bike. We'd like to have seen a little scuff protection on the rear flanks, though, to protect the hide.