I think you chose well, jimbo. You'll not have any problems with rust; the lock is safe and simple to operate; the yellow handle will help you spot it if dropped; and the cost is a good entry-point into the world of fine cutlery.
I also agonized over my first, self-chosen quality knife. My first decent folder was a hand-me-down Cold Steel medium tanto Voyager with fully-serrated blade. I learned that tantos are pretty useful and that I really prefer plain edges
After learning all about the Voyager, I decided to get one of my own choosing; the Military was in the running. Ultimately, I went with a Griptilian in D2; five years and some knives later and that Grip is still going strong.
Your Pacific should do well. The relatively low price will allow you to find a quality, inexpensive fixed blade too :thumbup: For outdoor use, a fixed blade is always optimal. You can use the fixed for hard tasks and the folder for food prep, whittling, and various fine tasks. Then, you get into folding saws, hatchets, multi-tools...
But, first thing's first - good choice on your first quality folding knife!