Some interesting comments. Plain edge would be a plus for me as well, but if it was stainless, I'd pass. For it's intended purpose, it's hard to do better than 1095 at the HRC the OP quoted, and the blade coating, if done properly, should take care of any rust concerns (the edge shouldn't matter, if it gets sharpened, rust is a non-issue). Very tough steel, and with the low saber grind, it should be very strong as well. Perfect for all the jobs that military folks put their knives through, including combat. Yes, some slicing ability is sacrificed, but everything is a trade off.
Strong and tough, easy to sharpen. Probably cuts acceptably, and will hold up to hard use and abuse. That's my take on it - and I like the looks of it too!