Well, if nothing else, this thread should show you one thing. The PM2 might be many things but it is NOT boring. Any knife that can foster actual feelings (for good or bad) in people is definitely something to consider. Plenty of knives out there that people just don't care about one way or another. No feeling, no love, no hate, just "Meh, I need something to scrape this gum off my shoe, I guess this crap knife will work."
I am on the "Recommend highly" side, which is funny because my first PM2, I didn't feel it at all. I bought a PM2 in plain-jane S30v years ago, and just never found myself carrying it. Having always gravitated towards larger folders (because I'm a tall guy with big hands, I wear an XL glove), the PM2 felt almost too delicate. So, I sold it and moved on. Then some time later, I came across a review by Ankerson in the Reviews section for the Military (NOT the PM2) in S110v, and after everything he put that knife through, I was sold. And also, it was weird. I had a Manix 2 Lightweight that was in that particular steel, but that knife just did not impress me. And because I didn't really like the Military, so I snapped up a PM2 in S110v instead.
WOW.
Well, this PM2 has been in my rotation since September last year. It is the cheapest knife I carry, and also one of the absolute toughest and longest in edge-holding. Also, the knife carries very small and slim. I love it, because honestly, it's just enough blade to keep me happy, and the ergos make it seem made for my hand. The only other knives I have with ergos this good are my Emersons, and well, those are Emersons, so there's that.
If you asked me what was different between this time and the last time I had a PM2, I can't really say. Yes, I LOVE the new steel, but the knife is also a joy to use, so maybe it's me and my tastes that changed in that time between having sold the old one, and getting this new one. I recently used this knife to break down a temporary fence for a neighbor, where he had essentially zip-tied a bunch of sheets of chicken wire up around his back yard. This knife was able to split hairs still after cutting through something like 60 or 70 thick zip-ties. Many of those cuts were made just by edging the tip into the "circle" and flipping up, neatly cutting the plastic. That tip may look quite delicate but it will put in the work.
As others have said, the PM2 comes in many different steels, so there's that. Secondly, the fact that these S110v Paramilitary 2's crop up with regularity on the Exchange so cheaply is insane. There was one going for $135 last week in there, what an absolute steal.
I recommend the knife, however, understand if there are some intangibles that you just don't like about it. Those can't be argued. What CAN be stated objectively however, is that this knife is an excellent, effective cutting tool.