"Stainless steel is formulated not to oxidize or to only oxidize slowly--hence it doesn't show much sparking on a grindinq wheel and even less on a sanding belt."
Duh, I shoulda guessed that before writing this post. As for sharpening on a belt sander, I've done all my knives on it at one time or another. I usually use it to reprofile, then switch to waterstone and sharpmaker for sharpening at the new angle. A 300 grit belt and a leather belt work well for the kitchen knives though. They get abused and can take a long time to sharpen by hand. And I did ruin a couple of knives (read 6) sharpening them on the sander. One was a S&W hunter, one was a broken BM Ares, and another was a (gasp) BM 806. Well, the 806 was already stripped of coating and hand sanded to 400 grit, so the 320 scratches weren't that noticable. The only damage to heat treatment was to the S&W. I've gotten the hang of it since, and love the edge the leather belt produces.