Wow !, I just read the manual and found a huge amount of setup options, possibly unsurpassed for configuration options in a handheld, some will like this stuff..
and others may not..
Both the U1240 and the U1280 series meters come with the IR-USB interface as standard, this I think is a good move on Keysights part, charge a little extra and chuck it in the box. We saw what happened with the U1272A where they had to post out this cable for free so people could do the firmware upgrade on the early versions, only they know how many went out and what it cost them.
On a side note both series meters appear to have an option for the continuity alert, beeper only, LED only or both, the U1230 series I believe is similar with beeper only, backlight only or both.
The U1272A has only the variable tone option and is both audible and visual via the backlight unless they have changed this in recent firmware which I have not installed as yet.