OE, I agree completely with your observations. I really like my large sebbie, but when compared to the sprint runs for Kershaw, it becomes hard to justify the additional price of the CR. $ 300 for the large sebbie vs. $ 150 for a MC Ti/ZDP.
While there will always be a market for the CR's, I think you're correct that other manufacturers will grab some market share, especially considering the innovations, materials, and price points of the newer Kershaws. I mean Buck still has a great following for the high end 110's. But the old CR die hards will continue to support them. I'm still waiting for a high end Shallot run, Ti/ZDP would be my favorite, and I've got a good feeling we'll see this one sometime in 2008 (I hope!)