Note that the linked product above includes *no* hangers, just the rails (see http://preview.tinyurl.com/244um8) and hangers cost $7-9 each. I had looked at this system before deciding it was far too expensive for too little gain.

As for the pegboard — I’ve never had standard pegboard rip, even while hanging a trimmer, brush cutter, or other fairly heavy tools on it (ok, I didn’t hang my maul though). And standard pegboard is $13 for a 4′x8′ sheet (4x the size of that X2 stuff for 1/4 the cost). If you want metal pegboard there are other alternatives that are still cheaper than X2.