I don't have much to add that hasn't already been said. But that's never stopped me before.
I have a two peanuts (red bone and yeller), a congress (red bone), a trapper (green gunstock), large and small soddies, and a canoe. The canoe is one of my least favorite patterns in general, but it is also the only RR I have that is a piece of crap. Blades are allright, but it feels bad, it looks bad.
I just gave my brother in law the same green gunstock trapper. Here's my take. I EDC a clip knife in my back pocket and some form of slip joint in my right front. I carry a case or one of my "old" old timers sometimes, but I have a lot of knives I would hate to lose. I think I paid 7-12 bucks to the door for the RR's. Aside from the canoe, they are all excellent. I especially like the congress and the peanuts. If it slips out of my pocket, no big deal. If I am using it and someone admires it, it becomes theirs. Sure, the steel ain't the greatest, but it sure isn't bad. They have all come sharp as razors. And they make great converter knives. Example: the one I just gave my bro in law. He's not a knife guy, but everyone should have a decent pocket knife. If I gave him an expensive knife and he threw it in a drawer, that would be a shame. The trapper cost me about as much as a good sandwich. Maybe he'll get bit by the bug, but if not, who cares? And speaking of bit, I am pretty careful and it had been a long time since I cut myself good with a knife. My RR congress cut me BAD a few months ago. My fault. Being careless. Nice clean cut. Healed fast.
The only negatives I can see about them is they weren't made in the USA. I like to buy American, but that's getting harder to do. And if they were made stateside, well, they would cost a hell of a lot more than $7. I am not against well made imports, and I agree that the RR's rival more expensive USA made knives. I will give more away as gifts and I think they would make a great first knife for a kid...sure better than what I started out with.