Emphasis on Nate's comment about CUTLERY steels. Sure, S7 can be made into a serviceable and EXTREMELY tough knife. A few guys use it, but it would not be my first choice. What we have seen with his experimentation is that you probably don't have the performance drop with 3V when you harden it up a bit like you do using the "normal" HT regimen. The charts say that 3V done the regular way has twice the impact resistance at 58Rc as A2 at 60Rc, but only about 25-30% more when you take it up to 60Rc. It would appear that Nate is getting some different results with the low temp/cryo tempering method and that gap has widened once again. Other folks who have experimented with "simple" steels, AEB-L and 52100 in particular, like Roman Landes, Hoss and Kevin Cashen, appear to have discovered that they do some really cool and useful things when you play around with them. 52100 apparently not only holds a crazy fine and stable edge, but is also quite tough when you drop the austenizing temp down to 1475 instead of the normal 1500-1550 you might use if you were making ball bearings with big, abrasion resistant chromium carbides.