Couldn't tell ya' the difference between the two woods. Did think to mention though, that one idiosyncracy I've experienced with my wood handle was that it got scratched and dinged up pretty badly. But...as I've said, I used it very,very hard. (lots of exposure to mud, rocks, being dropped, cutting very heavy duty materials, neglected,pried with,rained, and snowed on, etc.) The first day I was laid off from construction season I took the T-2apart, cleaned it with firearms bore cleaner and WD-40, mirror polished the blade and other metal parts, stripped the clearcoat off my handles and re-did it. Now it looks good as new. Only took a couple hours of actual work- If you could call it that. It was actually pretty fun, and a neat way to mark the end of the construction season.
I got the wooden handle because it's pretty, and like Temper said, it's a damned refreshing change in the world of blacktical tactical. It does have the added benefit of looking less scary to sheeple. If you were to absolutely split hairs it's probably a tiny bit less grippy than the black handles, but...it is easier to wipe off as well. I've got severe tendonitis (read weak grip) and I've used mine with blood, oil, and water all over my hands and have never had a problem with grip slippage.
As far as other highpoints on it:
The flat drop point blade on it is extremely versatile. Haven't found a folding knife job yet I couldn't do well with the blade.
It rides a little high in the pocket...I think of it as a good thing, it's that much easier for me to access when working. In small town Alaska concealments not an issue for me.
Lanyard hole...nice touch, just cause I like lanyards.
The cut outs/serrations on the top of the handle (thumbrest area) and the back of the handle make the knife comfortable and secure in most any grip, except for pikal, and It's not designed as a fighting knife anyways.
lightweight for it's size.
rock solid lock up, and tight as can be. Also very smooth and easy opening.
Ambi-thumb studs.
It's not so much one major feature or another that makes the T-2 great, but a culmination of lots of small things that really bring it together. You can plainly see where ALOT of practical thought was put into this design.