Well, you and nozh have a point, inasmuch as I doubt that added strength has anything to do with Kershaw's decision to manufacture laminate folder blades. I do believe that a properly laminated blade can be quite tough. (Fallkniven, anyone?) However I cannot see any task that would make a CPM-D2 folder blade fail before the locking mechanism or pivot on said knife failed first, even if run at very high hardness. No matter how much you wanna wish otherwise, folders are not fixed blades and can't use that much strength in the blade.
Besides, if Kershaw's D2 is so fragile that it can't be put in a FOLDER without laminate protection, then they better start recalling those Outcasts post-haste! They're not even CPM steel! They'll explode like hand-grenades if you try to whittle with them! OMG PLEASE THINK OF THE CHILDREN!!!
I will say, though, that I loved the blade on the one composite Kershaw I owned, the JYD II. Holy crap that knife was awesome. Probably the best liner lock I've ever owned, and the lamination did provide SOME rust protection to the blade, besides making it look cool as all hell. If only the clip didn't suck and wasn't bendy enough to cause the knife to fall out of my pocket, I'd still be using it today. :grumpy:
But yeah... decoration and a modicum of rust protection seem to be what it's for, at least on the folders, but I'm willing to pay the small premium for it just because I assume it's what KAI has laying around and so would only save a couple bucks if it WASN'T laminated. Plus it really does look swell.
Now if we saw a Galyean-designed composite FIXED-blade.... then we might see some real benefits...