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The WP's started out being made from cut-off material, hence the "waste product" designation. They became popular, and ultimately were developed into a full-fletched line.
As far as value goes, it's a hunk of S30V with either G10 or cord wrap. I think all of Strider's heat treating is still done by Bos, who seems to get good results.
You have to decide for yourself if the product is "worth the price tag". You could certainly spend less for something that would work equally well... or perhaps spend the same amount for something that would work better. Depends on your criteria.
This blade will take and hold a good edge, but the cutting geometry isn't going to be very conducive to slicing tasks. For something this size, and with these general characteristics, I'd probably look at tool steel or INFI... just really depends on what you want, and why.
I have a few older Striders about this size... theyre cool knives, but not what I would call super practical for utility purposes.