IMHO, folks got caught up with LM making a better knife.
The real beauty of the technology is that LM makes a good knife but in a method (casting) that is way easier to mass produce.
Ebbtide, I agree totally. Not that I am saying the stuff is an inferior material; I really don't know. But to me the real potential is the ability to easily make it into very complex shapes that would otherwise be very expensive to produce.
Here's an example just to illustrate:
Take a look at the way those multiple fullers converge, and the elaborate carving in the steel at the base. Not to mention the overall shape of the curved blade would require big bars of steel & lots of waste for a factory.
Or take a look at the combination of fullers and piercings on this dirk:
But this sort of thing could be done with liquid metal basically as easily as other simple shapes. Think of piercings, fullers, curves, "nightmare" grinds, reinforcing ridges, three dimensional effects, starting out with a very thick base & lots of distal taper, etc.
edit- I've seen some of this done to a limited extent with metal injection molding (MIM) in other related industries, and Kershaw is using that process on at least one of their folders now, but again, I feel they aren't realizing its potential.