Well, I don't think that there has been any hype around S30V for quite some years. That might have been true when the steel was first offered, but that has been much longer back than either you or me are members of the forums. Out of all that has been written about S30V two things seem to have crystallized:
a) When heat-treated improperly, S30V seems to be prone to microchipping. The last frequent reports of excessive microchipping in S30V date back to the first introduction of Natives in Walmart. This might have been due to the great volume in crease of Natives produced. Before, Spyderco knives, Natives included, didn't NOT appear very frequently on the list of problematic S30V knives on the forums. I haven't heard of much negative buzz about the S30V Natives in probably a year. My conclusion would be that the problem of the first Walmart Natives has been solved
b) S30V does not seem to be able to support radical geometries. At terminal angles of 10 deg per side or lower, you might run into trouble because of the high carbide fraction. You have to ask yourself, are you likely to reprofile the Native to such a geometry. Personally, I have had not problems with other Spyderco S30V blades at 12 deg terminal angle (per side) and I know that others have had good experiences with 10 deg (per side) primary bevel plus 15 deg microbevel. If you do not intend to change the factory geometry, b) does not concern you at all.
Assuming a proper heat treat and a terminal angle of 12+ deg per side, I am very fond of S30V. I think it takes an excellent edge, yes, a bit more toothy than some other steels, notably some HC steels, but easily fine enough to shave and even to wittle hair. Yes, it is quite some work to reprofile/rebevel even though a coarse diamond stone works very well and quickly, but sharpening is no problem at all. And it will hold an edge, in my opinion, longer than most other steels and in some cases significantly longer. This discussion excludes toughness, which is not an issue in a 3" folder.
a) When heat-treated improperly, S30V seems to be prone to microchipping. The last frequent reports of excessive microchipping in S30V date back to the first introduction of Natives in Walmart. This might have been due to the great volume in crease of Natives produced. Before, Spyderco knives, Natives included, didn't NOT appear very frequently on the list of problematic S30V knives on the forums. I haven't heard of much negative buzz about the S30V Natives in probably a year. My conclusion would be that the problem of the first Walmart Natives has been solved
b) S30V does not seem to be able to support radical geometries. At terminal angles of 10 deg per side or lower, you might run into trouble because of the high carbide fraction. You have to ask yourself, are you likely to reprofile the Native to such a geometry. Personally, I have had not problems with other Spyderco S30V blades at 12 deg terminal angle (per side) and I know that others have had good experiences with 10 deg (per side) primary bevel plus 15 deg microbevel. If you do not intend to change the factory geometry, b) does not concern you at all.
Assuming a proper heat treat and a terminal angle of 12+ deg per side, I am very fond of S30V. I think it takes an excellent edge, yes, a bit more toothy than some other steels, notably some HC steels, but easily fine enough to shave and even to wittle hair. Yes, it is quite some work to reprofile/rebevel even though a coarse diamond stone works very well and quickly, but sharpening is no problem at all. And it will hold an edge, in my opinion, longer than most other steels and in some cases significantly longer. This discussion excludes toughness, which is not an issue in a 3" folder.