Chipperman,
Coming at this from another direction, the extent to which you see a difference in performance between these steels is directly related to how hard you try to bring out the performance differences.
Take, for example, your everyday average person, sharpening all their knives at an obnoxiously thick angle (say, 20 degrees per side for an EDC carry folder). Will that person see a huge difference between the performance of 6A, ATS-34, and M-2? Well, they may see some edge-holding difference based on the wear resistance differences between the steels. This difference may be noticeable, but may not be. People who do this tend to see little difference between steel performance, and probably don't need to spend extra $$$ buying more premium steels.
Now, imagine you have a knife owner who is more interested in performance. And this owner knows that edge strength is important for his particular usage. Since the ATS-34 blade has a stronger edge than the 6A blade, he takes the edge down to 15 degrees per side. M-2 is stronger still, and tougher than ATS-34, so that blade he takes down to 12 degrees per side. Now, suddenly the ATS-34 blade is outperforming the 6A blade by hundreds of percents -- it may take several cuts of the 6A blade to do what it takes only one cut of the thinner ATS-34 blade to make. The M-2 blade performs better still. So now, instead of the previous case where all steel difference was a result of some marginal difference in wear resistance, because this user is smart enough to take advantage of the steels when he sharpens, he sees giant differences in cutting performance, and still probably sees some difference in wear resistance as well.
At the end of the day, knives are usually about separating something into two pieces. To do that, you want the optimal edge geometry. The optimal edge geometry is determined partly how the knifemaker ground the bladeshape, but also partly by how thick (or thin) and how coarse (or fine) you leave the edge. If you leave all your edges the same thickness regardless of steel or usage, you won't see any difference in cutting performance, you'll just see marginal differences in attributes like wear resistance, and the performance of steels will appear to you to be roughly the same, because you've minimized their differences. By contrast, if you approach this as a game to find the best steel for a particular job, pick the steel with the best attributes, and then sharpen to bring out those attributes, you will see a big difference in steel performance, and spending more money on more expensive steels makes a whole lot more sense.
Joe