Interesting. They have changed the design specs on their website. It was previously listed at 3.123" blade length and is now listed at 3". I was able to find the original page on Google Cache.
I wonder which of the following happened:
1) It always was 3" and the website had a typographical error
2) The models at Blade Show were 3.123" and in response to initial feedback, they've decided to retool the production version to be slightly shorter, which doesn't seem that hard to do, given no changes to the handle. Maybe a few minutes in CAD to shorten the blade.
3) They've decided to change the way the blade length is measured for legal reasons. Everything is the same as before, but they realized the 3" legality reason, so have decided to no longer count the sharpening choil or something.
The reason this matters is because if it's #3 then a court might find the blade length really is 3.123" using a different method of measurement. While most people reading this will find it implausible that they'd find themselves in court worrying about .123" of a slipjoint pocket knife, it could be a felony conviction that ruins your life if you're the unlucky person caught in the net. I've heard thousands of NYC residents have felony charges for "Gravity Knives" over the last few years for merely possessing a standard folding knife. It seems implausible until you hear that clickity clack of the cuffs.
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http://chrisreeve.com/knife-specifications.html