AJP,
The one pictured at the MicroTech site is bead blasted. It's a very nice, even BB, and I like it very much.
However, if you plan on using your LCC, I can't say enough good things about the stonewashed finish. It looks really cool, sort of galvanized, and it hides scratches very well. If you've ever seen a Sebenza up close and personal, then you've basically seen the MT verson. Now, some will argue that the Sebenza's stonewash finish is more aesthetically pleasing, but I can't really tell much difference. The black version looks very tactical, but I really hate black blades now that I'm older. Microtech's black blades are durable though, no complaints.
For the money, they are superb. Excellent fit and finish, great materials, etc. I have no experience with the new models that sport the anodized aluminum bolsters, but the older models with titanium bolsters are the nuts. Some will argue that there is unsufficient protection for one's hand, due to the complete lack of a guard, but I tend to disagree. I'm sure someone else will voice their opinions, and possibly attack mine.
If it were my choice, I'd go with the stonewash finish, and a plain edge. The combo edge is nice, but this knife has great "lines" and the plain edge really shows this feature off.
Hope this helps!