Oh, they're still stupid. I bought a $20 used kabar after my squad leader told me he didn't want to deal with the UCMJ proceedings if somebody stole my Randall... CO walked up to me on a field problem and said, and I quote:
"I don't want to discuss this (because it's stupid) but that's too long."
I bought a $35 SRK.
The one above was from when I was, shall we say, condottieri. I could carry whatever I wanted. GSE13 with a ballcap, a beard and a shorty AK. (And some sketchy Bulgarian frags).