It is a good steel and I like it. One of my first D2 user knives was the Stryker in the photo below. I bought it used and it came with the polished edge, very sharp. And it has stayed very sharp for a long time during my use. So I don't doubt that the steel can take a very good edge. The knife has not rusted or gotten any patina in quite a few years of carry. I have knives with a lot of fancy steels, and I'm carrying a knife with S110V today. I would be happy if the only steel I could get was D2.
There are 2 problems with D2:
1. It is not a new steel. Internet warriors* think that to be good a steel has to be new.
2. It is not expensive. Internet warriors* think that it has to be expensive to be good.
I've talked to a lot of knifemakers and people that compete in chopping contests. They know about D2 and they think it is good. Internet warriors, the people that read the internet but never use their knives, think it is mediocre because there are newer and more expensive steels on the market. No doubt there are better steels on the market but D2 is no slouch.