I've had my issues with BM's QC, but this 940 seems to be different. I got the plain satin blade. The other day and am positive on this knife. Accordingly, these are initial impressions and not the opinions formed by real world use over time or exhaustive testing. All I have cut with it so far was packaging material, prime rib (medium and an end cut) and some hard crust/soft inside Italian bread.
APPEARANCE: This is really a matter of taste but I think this is one of the best looking knives out there. The blade design is very functional (for certain uses) and looks good. The handles, spacers, grip surfaces, everything really makes this knife, IMO, a work of art. The color of the aluminum is different and very nicely done. This is one good looking knife.
FIT N' FINISH: Couldn't believe it was a Benchmade. It's beautiful - nicely done for the price. Nicely done, period! It may not be CRK, but it's closer than anything I have seen that's not CRK price. Clip was not as nicely finished as the rest of the knife but that may be a function of the type of coating used. Besides, BM had to leave their mark somewhere, better on the clip only.
BLADE: Nice polishing job and, contrary to many others' experiences, the grind is reasonably uniform. Only one small area appears marguinally uneven. Sharp out of the box.
ACTION: Smoothest around in its price range -and beyond. I am going to take a bold step here and say, take the smoothness of the Sebenza and apply it to an axis lock and that's what it feels like. I put some CRK teflon lube on it after a bunch of "break-in" cycles and it's like a combination of butter and silk.
DESIGN FAULTS: I like tip up carry, but not on an axis lock. I always feel as though this particular lock type is more sensitive to debris fouling and should be away from the bottoms of pockets where lint and all manner of delicate part jambing materials hang out. Tip up carry has tactical advantages but this is not a "tactical" knife.
I like the axis lock generally and this knife is a particularly good example of what can be done when you have great design, quality materials and good execution.
Though Angie in service is tops, I am not BM's greatest fan, as it relates to quality control, so for me to praise this knife should tell you something. This knife replaces my Wegner, Jr. as my daily "suit and tie" gentleman's folder and that should tell you something as well.