VG-10 rocks, IMO. Tied with S30V as my favorite stainless, and might be my favorite if it were available in more knives, particularly customs(kind of like INFI is my favorite steel overall, but the selection of knives it's available in is very limited). S30V gets all the attention, including mine, because it's available, and a great steel for knives in "normal knife use" sizes. In my experience VG-10 gives up a little edgeholding, and maybe a little toughness, but more than makes up for it with how easy it sharpens, and the wonderful edges it takes with minimal fuss.
Never had problems of any kind with VG-10, though I have only used it extensively in Calypso Jrs. so it's not like I've really done anything that would test its limits. My Calypso Jr. is my "sports" knife. I wear it swimming, even in the ocean, boating, walking, jogging, working out-never a spot of corrosion on the blade, though I got a bunch of surface rust on the lockbar once. Yes, the sides of the lockbar rusted after a couple of days at the beach without being cleaned, but the blade never did. The rust just wiped off, but there was a good bit of it, and I was really surprised that the lockbar would rust at all.