This comment makes no sense to me. AUS8 is a "better" steel than 12c27, when you look at their respective compositions. I'm not knocking 12c27, it's a good steel and one of my favorites, but in no way would the knife be worth $120 if it was 12c27 instead of AUS8.
If you like it, buy it. Don't worry about what others think. It's your knife. It will do anything you need that style of knife to do.
It's funny how steels go in and out of vogue through the years. I remember a time when, next to ATS34, AUS8 was the 2nd "best" steel on the market and many of the factories premium quality knives were made of it.
My personal thoughts when buying a knife is if I'm looking to spend more than $100, I check out the maker's on here first.