Stainless steel on traditionals is fine, as some have pointed out Albers, Queen, Buck, Case, Camillus - you get the point, 'many storied outfits' have used it to satisfactory effect.
That said, I'll purchase stainless steel knives and carry them in corrosive environments (near the ocean, etc) but the ones I have don't really see much use (Albers excluded because I like how they feel in my hand - but would prefer carbon on those if I had the choice) beyond those niche scenarios and I believe it's because when I think about cutting something, I know I have the choice between the action doing nothing for the blade's appearance or adding to its character. I'll choose added character 99 times out of 100.
Also, while some surface treatments look good on stainless (Case's finish on their S35VN blades, for example) that goofy over-polished mirror finish BS is one of the most visually painful things I can think of and want it on none of my knives.