Talonite (r) is a cobalt alloy, similar to Stellite (r), but Talonite (r) is hot rolled and age hardened to make it more suitable for knives.
If a folder is what you are after, try Kit Carson. Here is a pic of a folder Kit made Kelly Yates:
http://www.bladeforums.com/ubb/Forum1/HTML/002927.html
This site has some pics of the large (#18) folders Kit made me, as well as my Ti scaled Cetan, the Fossil Mammoth Ivory scaled Wambli I gave my daughter, my small U-2 Dive Knife, the prototype chef's knife, and some knives owned by other people:
http://www.carbideprocessors.com/knives.htp
There is also a wealth of information at the above site, which is the website of the Talonite (r) distributors, Carbide Processors.
Regarding the chef's knife: two professional chefs, Nick Blinoff and Michael Gettier, both posters here, are giving the prototype some real world use. Initial reports are extremely positive, and the only suggestions are minor changes to the ergonomics (rounding the spine, tapering the scales).
If someone charged $200 more for a 1/8" Talonite (r) knife compared to the same knife in steel, I would return it myself. Kit Carson charged me $60 more in labor for the #18 folders (I supplied the alloy), and Darrel Ralph charged me more for the custom folder he made me out of Talonite (r), but while I don't recall how much it was, it wasn't $200. Watch the forum for a review on this knife shortly from one of our SF Bay area posters/reviewers, BTW.
Ed Schott is making me a drop point hunter fixed blade out of Talonite (r), and is charging me very little more than he would for a steel knife (again, I supplied the alloy). IIRC, the knife will cost in the neighborhood of $200 total.
So, what good is Talonite (r)? Well, under real world conditions, it is corrosion proof. Toss one of Kit's dive knives in the ocean, and pull it out 20 years later, and it would not be corroded at all. Further, Talonite (r) holds an edge extremely well, yet is paradoxically very easy to resharpen (this could be due to the fact that it has a fairly low Rc, but is hard facing; that is, the alloy exposed by wear is just as hard as the alloy that was worn away).
It really doesn't cost that much more, and will last several lifetimes.
"If it's sharp and bright, it's Talonite (r)!" Hope this helps, Walt