I prefer the 110.
Part of it is due to my upbringing. You weren't "one of the boys" until dad bought you, and entrusted to you, your first Buck 110. Once you had a genuine "Buck knife" (as if the 110 was the only knife Buck made), you were there.
I also think it's a nice looking knife -- I still wear it to church and social type functions. It's also almost universally accepted. You can carry a Buck 110 (or 112 for that matter) almost anywhere, and very few, if any, people will consider it a weapon.
Also recongize that it is called a "Buck 110 Hunter". it's meant for game prep, which it does well (you'll get no argument from me that any of a myriad of fixed blades are better). It was not meant to be a woodscraft knife, and with its notoriously fine tip, won't survive long if you do too much batoning or prying with it. I really don't mind the 420HC they use now. It's almost as easy as 1095 to sharpen, stays sharp about as long, and has the advantage of being stainless, for those that prefer stainless knives.
Sure there's "better" knives, performance-wise, but it's hard to compete with either the 110 or 112 as far as price, wide availability and acceptability.