8A is definitely a drop down in class in performance from the likes of ATS-34, for a general purpose folder steel. It's weaker and not as wear resistant. On the other hand, I like 8A solidly better than 440A, and am about as happy with 8A as I am with 440C ... which means, I'm perfectly happy buying an 8A knife provided it's priced relative to the steel's performance. Just don't listen to Cold Steel's nonsense about it, to keep your expectations set correctly.
8A may be my favorite "second tier" steel, as it were. What I love best about 8A is how easy it is to sharpen to an incredible edge. It's got a little vanadium in it, and I find that that goes a long way.