I'd say you could do better for the money, and I'm largely a Cold Steel fan. Again, though, what would you be using the knife for?
VG-1, from what most people say, is a step up from AUS8, just as AUS8 is a step up from 440A. Cold Steel doesn't use the best steels available, but the steels that they do use they seem to do a great job on from a heat treat standpoint. Lots of people say 440A is junk, but the CS knives I have made from 440A have been very nice. They go razor sharp and stay that way long enough for me. Can't say that for other makes that use 440A.
For a hunting knife, buy a Buck Alaskan Vanguard or a Buck Alaskan 110 from Cabela's. Both sport S30V blades and are great for outdoor use. If you can't go above fifty dollars, the CS Pendleton Mini Hunter will do fine, I think.