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That's a very generic statement to dismiss any alloy. Depends on the intended use and what are we comparing to. Plus, it also depends on the "regular" user's use habits and sharpening skills....This new steel technology might be "better," but I doubt it's worth the price premium for a regular user.
Shinichi Watanabe is is the only maker I know of currently making knives out of that steel - PUD 177.0 petty, I'm pretty sure he can make utility/hunting knife out of it, besides kitchen knives. Haven't asked yet though.
Des Horn also uses it for folders......I have one