Some of what they do in marketing may come off as stupid but believe me it works. Negative publicity is still publicity. Madonna proved this as I recall. Anyway, success has to be looked at as the indicator of just how stupid the marketing is or is not. Based on the success of the sales of what they have made I'd say it is proven to work and not so stupid at all. Lynn designs some things, he hires guys like Demko now, who in my opinion is one of the top three makers now in the industry and he is as anal about details and lock function as well as performance as you can get. Does the ethics issue play into this? For some sure just like it does with others but in the end the knives are popular. I've lived all over the country and anywhere I lived people knew Cold Steel. Mention Emerson you got a blank look, Strider the same way. Mention Old Timer, Case or Cold Steel to a good ole boy and odds are he could tell you about a personal experience or three with each. Doubtful he ever handled much else let alone paid attention to the name. Thats my experience anyways.
Now as for the blade steel. You know you guys puzzle the crap out of me sometimes. Find you a new maker willing to copy the blades or work out a deal with a waterjet service that needs some work to get some done and then ask some makers if they will grind the blades for you. Reese Weiland and others have done this for folks before on Sebenzas and more. You may pay for it but hey its there if you want better steel. Buy some Elmax or whatever you want and work it out. You may have to start a thread getting 10 or 20 of you together willing to put a down on things to get it rolling to make it worth the time of those involved in cutting out, grinding, and heat treating these blades but in the end you have a customized production no different than the ones the guys had new lock sides or new scales built for or some other such thing. I don't have time for it because I barely fit in my own knives anymore with all the clips and pry bars I make but I bet there are plenty of hungry knife makers out there in this economy willing to work with you. Your goal for better blade steel is there if you want it. Just have to go about it a different way is all.