These knives are, unsurprisingly, every bit as good as Walt's other knives that I've handled. I took them along on an overnighter with a friend of mine, and my brother, and both used the knives. My friend really took a liking to the shorter knife, and more-or-less claimed ownership of it while we were in the woods.
Fit and finish on these knives is not flawless, but very good nonetheless. The scales are flush with the tang all the way around, the pins are very carefully laid out, and the scales are symmetrically shaped. The primary grind is smooth and even, and wonderfully thin at the edge. The edge itself is a nicely done convex bevel with a high polish that is gently transitioned into the primary grind, leaving no apparent shoulder to create friction when cutting. There are a few coarse grind marks that are just barely visible on the edge side of the tang, which is the only real finish issue.
The sheaths that come with the knives are spartan, but attractive in their own right and extremely functional. They are sturdy and hold the knives securely. I prefer a dangler sheath, but these are a prime example of a well made sheath in this design.
In terms of performance:
These knives are both excellent cutters due to the terrific cutting geometry they have. They have high, thin grinds that terminate with highly polished convex bevels. This results in lightsaber-like performance when cutting wood, food, and other things like cardboard and cordage. Walt has done a terrific job in creating a very good cutting edge, which is one of the most important aspects of a knife.
The handles on both knives are contoured very nicely. They are a bit larger in diameter than I prefer, but I have strange tastes. They are thoroughly comfortable, and after some extensive use I never had an issue with any rough spots, hot spots, or awkward hand positions.
These knives make feather sticks, cut notches, slice apples and hotdogs, and baton kindling with ease.
The biggest drawback of these knives, for me, is purely a personal style preference. They have wide blades that terminate in a fairly bull-nosed tip. I much prefer a narrow blade with a pointy tip (The mora #1 is an excellent example exactly the sort of blade shape I love). I would be very excited to see Walt's interpretation of a blade shaped like a mora, and I'm sure that he would execute it wonderfully. Blade shape wise, these knives don't really do it for me. Tony knows my preferences (since I whine about how wide his blades are all the time when I get to handle them

), but asked me to get in on this passaround anyways, and I'm glad he did. :thumbup:
These knives are a pleasure to use, and apart from my personal style preferences getting in the way, they are just about perfect bushcraft knives.
My friend's comments:
He agreed with me, independently (I waited to hear what he wanted to say before I agreed), about the point of the blades. He thought they should be a bit pointier, to make certain carving actions easier. He also noticed the weight of these knives, which is inherent in a micarta handled knife. He sure did enjoy using the short knife though!