Certainly not new, but it is rather novel to put such a steel in a modern pocket knife. You just don't see it that often. Benchmade used to offer M2 high speed tool steel in some of their knives. M4 here and there more recently. Other than that, I'm drawing a blank on manufacturers that do such a thing. And if I were being honest with myself, I have a hard time coming to terms with the idea of a carbon steel blade on a modern folder. And I have many knives in carbon steels - Case, GEC, Opinel, Schrade etc. A traditional folder with wood or bone or stag handles looks and feels natural with a patina'd carbon steel blade. But a modern knife, with G-10 or carbon fiber or titanium handles, just feels right with a stainless steel blade. A knife like a PM2 with a tarnished carbon steel blade just seems weird to me. Wrong, even. I can't rightly explain why - just convention and habit I guess. No matter how useful a combination it might be. It just seems weird.