It has a 'brushed' or 'sand blasted' finish on the titanium scales, very similar to a Chris Reeve titanium knife. The trouble is every single small scratch just really stands out. It looks so nice when it's new, but if you carry it in your pocket along with keys or loose change, it's going to get badly scratched up in very short order.
For this reason, I greatly prefer knives with G10 scales. Or just about anything except brushed titanium.