Hey yzhai-
Mine's the same way. I mean it's not completely dull or anything, but compared to the rest of the blade, it's not as sharp. I think I know what you mean.
My fellow Spyderco aficianado, TOTC, is right on the money. The grind on the Lum's tip is an appleseed grind, or as it's traditionally referred to, a "hamaguri". It's a very wide grind that slopes gradually to the edge. Because of this, the edge can only get so sharp, relatively speaking. A different grind, such as a chisel or even flat grind would tend to form a more shallow angle, and allow for even greater "sharpness". The trade off is tip strength, and tantos are known for being particularily good at penetrating and light duty prying. There are other tantos that use chisel grinds, like an Emerson, and those can get really sharp at the tip. The Lum is just different that way. It's not as good for fine tip work, but it'd be great for pounding through a car door...
Plus, it's the way Bob makes his custom pieces, so it follows his design. I honestly do not think it's a QC issue, but I would encourage you as TOTC suggested, to post this question in the Spyderco forum.
Firebat