Mate I'd keep an eye on the Velbon series. In my down-sizing I traded my not-so-portable-but-oh-so-steady Manfrotto (Bogen) 055XProB with Giottos MH-3300 for the Velbon Ultra Rexi-L (with Joby Ballhead-X) the combo is very light (1.31kgs (2.9 pds)) and compact (36cm (14.2") folded and extendable to 153cm (60.2")!) performs great in the field.The best budget friendly travel tripod is no longer in production. Sadly, the Manfrotto Modo Maxi 785 is the best tripod I've ever used for small cams, and can no longer be purchased.
and I have one