This is a lecture at the POSCO laboratories in South Korea where they discuss a new procedure for producing super hard, super tough steels. Basically, take a steel with a high carbon content (1%) and hold it just above the Ms temperature for about 3 weeks. Apparently it ends up as hard as martensite after quenching, but as tough as the austempered steel we hear so much about. If you're looking for the new space-age heat treatment, this is it. The good part runs from about 12:00 to 25:00.
http://www.youtube.com/watch?v=_gB7xAG3jow&feature=relmfu
http://www.youtube.com/watch?v=_gB7xAG3jow&feature=relmfu