Dannyc,
Well, it won't really be chisel ground, as the blade will still be ground on both sides, but you'd have a single-ground edge bevel, like on the Emerson Commander. Of course, if you're going to grind the serrations off, you could just grind the other side of the edge to match. I've been seriously considering doing this with my VG, and I definately would if I actually used the thing. As it is, it's just an emergency knife, never really used, so I haven't bothered.
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For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.
Romans 6:23