Oh yes it is, one of Ken's most beautiful designs IMO. Its more a collectors piece/light user edc, in fact I completely forgot about mine until I saw your thread.
I haven't used it much due to its beauty, and stupid pocket clip but I still love it and will never be traded/sold.
Pros: Gorgeous design, machining on the handle makes it look more expensive, BLUE!, IKBS ball bearing system, frame lock, easy opening
Cons: Not much of a user, horrendous pocket clip, blade stains easy, sticky frame lock
The first production handles are navy blue, while the regular production models are an iridescent blue which look more eye popping.
First production Ripples have the Ken Onion name on the blade with the K and O touching, while regular production have the font like in my pictures.
Don't contemplate, get one!
The pics don't do justice, its much more gorgeous in hand.