Essentially it makes the wood into a synthetic material--stronger and harder than it was naturally, but it does lose the wood-like feel. Gives many of the advantages of micarta/G-10 (not saying they're interchangeable) in terms of weather and wear while being far more interesting to look at. I have some knives handled both ways, and like them all. I do make a point of keeping up with the oiling on my non-stabilized woods, though, about once a year unless the knife gets really wet or I have to clean it.