The launch is a fantastic rod with a lifetime warranty. It carries all the perks as the rest of the Sage line.
I would like to recommend a different stick to you though. Albright GP (general practitioner). This rod is one of the finest rods I have ever used. Lifetime warranty and made by the guy who started Redington. I can honestly tell you that I have not cast a smoother rod then these in any price range. Now, get this, they are only $95. They do not come with a tube but then again, at that price, I think you can afford one. Check them out.
These guys sell on Ebay and if you buy from them, they include a rod tube also. Great guys. I have bought both of mine from them. Super fast ship.
Here is a link to the 7.5' 3wt.