I saw this knife on sale at my local Academy Sports the other day and picked it up for $20 just for the novelty since I am a Les Stroud fan. Right out of the clamshell it was shaving sharp and easy to open and close (though I've seen easier). It can be quickly deployed with a flick of the wrist using your thumb to start it, and it's a nice sharp click when the blade locks open. It's also relatively comfortable and 'grippy' in the hand, but it would be much more so without the attached pocket clip. That being said, I noticed there is a triangular lanyard hole at the pommel, so I considered taking off the clip and attaching a lanyard. That's when I noticed that the edge of the blade intrudes into the wide part of the lanyard hole just enough to eat though any possible lanyard installed.
As for the ferro rod, it will spark, but not like it should if used with this knife as designed. The blade is coated as stated in previous posts with a non-stick coating that interferes with the the steel throwing sparks off the rod. Once the coating is removed out of the striking notch on the spine, it will throw sparks, but not well. I believe this is because there is a bevel along the spine that creates an angle greater than 90 degrees. In my experience greater than 90 degrees or rounded edges are just not going to find purchase enough to get a good shower of sparks. Of course my removing of the finish in the notch may have diminished the edge on the spine enough to impair it also, but it's still better than no sparks with the finish. Once it is able to throw sparks, those sparks will leave scars on the adjacent finished areas that can be both seen and felt. Not so smooth now.
Over all, it's a $20 knife that has some good ideas that could have been executed better. I'm not going to depend on it in the field because I have knives I trust more. I'm not going to use it as EDC simply because it's got more meat to it than I would prefer in my pocket, and it is bulldog in a clown suit ugly. Do I regret this purchase? Not at all. It is a reminder that brands are willing to sacrifice their names for a few pennies now as opposed to building their names on quality.