Buy it, you'll love it. I personally think the ritters, both large and small, are some of the best edc, general utility knives out there. The griptilian platform on which they are based has proven itself over the years, and the Ritter blade shape makes it a better slicer but at the expense of the pointier tip of the standard version. I personally much prefer the Ritter blade shape over the standard grip. As for s30v,don't sweat it. S30v was thought to be chippy when it first hit the cutlery scene because makers had not yet perfected the heat treatment yet. The makers have since nailed down the proper heat treat, so chipping isn't really an issue anymore. With that said, I have found that s30v will chip before it rolls if abused, but it definitely does not chip easily. S30v is one of the most common and popular blade steels found in mid to high end knives, that wouldn't be the case if it were chippy...