Okay, I just received the Smith Homeland Security tanto and it's ugly twin, the Frost Delta Force. Both knives look very much alike and it's clear that Frost copied the Smith design almost slavishly. I haven't had much of a chance to cut anything, but my initial impressions are that the Smith & Wesson H.S. tanto ($30) is notably better than the Frost ($13). At first blush both knives look the same, only the smooth titanium cameo finish on the Smith is much nicer, giving the blade a much nicer look. The finish on the Frost, on the other hand, was painted splotches. In between, the stainless steel had the characteristic vertical lines typical on cheap knives. And where the Smith had nice G10 handles, the Frost copy had cheap plastic. Both knives were heavy and strong. The Smith came with a good work edge. The Frost, however, would have a hard time cutting warm butter. It sharpened up quickly, though I suspect it wouldn't hold an edge very long. Either knife would be capable of prying and cutting through most things an outdoor/camping knife would be called upon to cut. The Smith & Wesson sheath was very well designed and made and comes with a sharpening slab, which comes in its own pocket. The Frost sheath, on the other hand, was cheap and wouldn't last long outdoors. What was surprising is that I think the Frost knife would be okay in the trunk of a car or for camping. The heavy steel blade is big and strong, not at all likely to break or snap. And the Smith H.S. seemed to be well made with considerably more attention to detail. One poster, above, said sharp edges in the hilt cut his hand. Those are gone from the current model and all the steel is rounded and nicely finished.
What's really funny is that I think one could take either knife and hammer it in to a car top with little or no damage. I'm not sure that test is very valid as Cold Steel claims.
The bottom line is that the Smith may be as good as the Recon Tanto with stainless steel. Although Cold Steel's AUS8 is undoubtedly better than Smith's 440C, it does have a weakness at the base near the upper portion of the handle where it narrows significantly, weakening the entire design. The H.S. and Frost are full tang knives, but there's no doubt that the latter is a cheaply made piece of garbage. Even so, a huge slab of cheap stainless steel wouldn't be entirely worthless in outdoor environments. That said, I won't be buying another Frost. As for Smith & Wesson, there are clearly better knives; but for thirty bucks, it's very hard to beat.