14C28N has been part of my life since my first Leek about twenty years ago. I'd say it's pretty good. It is stainless enough to resist Kershaw's pro-rust bead-blast.

It's tough enough that I'd choose it on purpose in a large custom fixed blade. The edge retention doesn't compare to some of the modern stars but is it bad?
Despite Larrin's usually excellent ratings, the average edge retention for this steel in production knives is consistently and noticeably better than what I get from 8Cr13Mov. Heck, it can be better than some of the Chinese D2 out there. It's at that level where it does what I ask of it without disappointing me. Pairing adequate edge retention with those other properties can be pretty attractive at the right price. It generally does swim in or around the budget pool.
Perhaps someone with a better understanding of production can talk about the next thing but I feel like it is either easier to get into that adequate performance range or just doesn't suffer as much from a cheaper heat treatment. For instance, cheap knives in D2 tend to fall way short of their nominal rating but cheap knives in 14C28N are usually at least "okay".