As far as the frame goes, I'd prefer to see it in stainless steel. It is more durable than Ti, especially if it is to be a Liner Lock. In any case, look at the popularity of a knife as cheap as the CRK&T Mirage with Zytel handles. Half the people who buy them are simply doing so because it is easy to remove the Zytel scales and replace them with ones of any other material. You could even market the Lum design as a modular knife, which is sold as a frame alone, then the purchaser has a choice of scale materials/colors for an additional fee. That way the high-end guys who are fixated on Ti for whatever reason can have it, while other who prefer a knife with class (;-) can choose a nice tan or maroon Micarta. Of course, this would probably never happen as this would add such complexity to the darn thing, but it is an idea. I suppose you could choose to do the knife in a mid-range material, then for people who want a high-end option, simply offer Ti scales as an upgrade.
As far as Sal's point of us being "aficianado's", I think it is something to definitely consider. As I sit here looking at my fixed blade version of this knife, I could see how it would be unappealing to an amateur buyer. Even with mosaic pins, a file-worked spine, canvas Micarta handle scales, and an etching in Chinese that reads "Chinese Utility" (clever, eh?), this knife still looks like something you could pick up in the gardening section of any hardware store! This knife was made to be a utility worker, and as such, you can do whatever you want to the handles and what not, but it still won't change the pedigree of this knife whatsoever!
That said, it probably is the most versatile fixed blade I own, with a perfect size (slightly under 4" cutting edge, almost a 5" handle, and an 8" OAL...I'm not sure what the real deal's dimensions are). People who know knives will be attracted to the knife, but it will have limited appeal to the masses, I suspect. Maybe I'm wrong, though! Wouldn't be the first time, certainly. It's not as oddball as the Khalsa, for sure, but it is a rather mundane knife that is only fully appreciated once it is held and used.
Steve