I have done quite a bit of work with my Skrama over the past weekend. Everything from limbing hickory in tight spaces where an axe or hatchet cannot be swung effectively (probably an average of 3" diameter branches) or where a machete might be damaged. I have also spent some time carving cured hickory with it - both coarse material removal and whittling. I am satisfied with the steel's ability to hold a good working edge through many hours of hard work. I did touch it up on a fine DMT pocket hone last night, but only spent maybe 10 minutes to get it cleanly cutting laser paper across the whole blade. It was far from dull, but it was noticeably not as sharp as it came. I can't say I was surprised it was no longer shaving arm hair after two days of chopping and slashing and carving. With all I've put it through, there has been no chipping, rolling or other damage to the edge other than that loss of crispness which was easily restored through normal maintenance.
It is definitely not a replacement for a machete (mine is an 18" Tramontina). I find that the machete still clears more brush per swing than the Skrama by virtue of its longer blade. But the Skrama makes short work of stout hard wood that the machete just isn't meant for. It throws chips like an axe or a hatchet and doesn't get wedged in the wood like a thinner machete, so for that kind of work it is much more efficient but it isn't as efficient as an axe provided you have room to swing one. The extended handle really lets you put some power behind the stroke and I found it comfortable to hold securely with and without gloves.
It is nice to be able to go from rough shaping of wood to whittling by using the thinner edge close to the handle and the ability to switch modes can be handy for doing quick work without needing two or more tools. I do find the weight of the Skrama inappropriate for fine detail required for artistic work, but it does not get in the way of itself when making stakes or other more utilitarian things you might need at a camp site.
In all, the Skrama seems to be an excellent tool for what you pay. The steel is done right and you won't spend more time sharpening it than working with it unless you're doing dumb things with it. It isn't a tool that does everything, but it'll do what it was meant to do admirably. It's a big knife that weighs more than a pound, so it isn't a great choice for those who count ounces when outfitting their kit, but it is a pound of steel that can take the place of a couple of other pounds of steel and keep the clutter down by eliminating a tool or two. And it is a great tool for working in the yard (well, my yard at least) clearing small trees and light limbing where other tools might be hard to use. It is definitely tough and I am quite pleased with mine.