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Of COURSE it was a disappointment: Just like ATS-34 before it, every single knife magazine and the industry at large jumped on top of it as being the superest, awesomest, utlimate steel for everything and made all sorts of things out of it that it really is a poor choice for (large fixed blades, heavy utility knives, etc.) but that's the fault of our incredibly fad-happy industry, not the steel. When used for what it's supposed to be used for (folders, skinners, general utility) it's a perfectly solid choice. The claims made that it's "vastly" superior to 154CM (or ATS-34) are just silly, though, and indicative more of hype than experience. If I make two knives out of those steels at the same hardness and don't tell you which is which, you'd have a hell of a time figuring it out. It's not like that's bad, though, as 154CM is also a very solid choice, so far as stainless goes, though I still like BG-42 better than any of them.
So overall, yes it was a disappointment, but that's because of the unrealistic expectations laid on it at its release. I own a number of knives in it and have been happy enough.
Over hyping of steels has/will be the cause of many disappointments.