My experience with XHP steel has been with the Cold Steel Ti-Lites and I'm very impressed with it.
These knives were probably the sharpest out-of-the-box I've ever purchased and are still holding their edge. I'll be surprised if I am able to return them to factory sharpness when they eventually need it (no doubt beyond my sharpening skills with stone or strop) but so far they have stropped very well. I have yet to see any noticeable lessening of the original edge. I would have no problem eventually returning them to CS for sharpening when necessary, their factory edge was so impressive.
Considering that future sharpening should, in theory, only get better once beyond the factory edge I have no criticism of the steel.
I can't really comment on corrosion properties as I haven't owned them long enough yet to give it time. I purchased them when the new steel first hit the market on these knives. They are bead-blast, which I generally do not like on blades as it makes steel the most vulnerable TO corrosion, but I have faith in the properties from reviews alone if nothing else. The bead-blast finish is done very well, flawless and very fine on naked eye inspection.
As to their advancing the Cold Steel line:
As I've posted here before the knives are far beyond what I expected before actually handling them. The first time I held one it was, "Wow, I didn't expect this level of overall quallity and "feel" in either knife." Their patent-pending liner locks seem to be incredibly strong due to the 90-degree bend of the lockface, seemingly adding a lot of strength vs. just a straight liner. Hard to explain unless you have one in hand and examine it.
I used to think CS knives were on the "cheapo" side in construction and steel. I was wrong. They have made a believer of me and I'll probably try a few more of their models down the line. Mine are solid winners, literally cheap at twice the price IMO. PB washers now too !
I understand CS had improved their quality control as well, prior to my purchasing these. If mine are any indication, CS has really hit a home run here and I expect their reputation to greatly improve, perhaps even putting them near or at the Benchmade/ZT/Spyderco, etc. level. We'll see.