I would agree with your general assumption, but from just an observer's perspective, it looks like the knives that they put out are up to or at least close to their standards in quality. I say this because of the amount of folks that have jumped the line by ordering a second and statng that they can't find any faults in said "second".
Putting out (eventually) a good knife is likely their only saving grace that keeps the preorders on the books. I'd wager that if word got out that after years of waiting they're now producing crap, the number of new refund requests would tank them with a quickness.