The notch has never been a problem for me. It works as advertised. It also serves as a wire breaker and pot lifter.
As far as it being a weak point. Isnt a choil also a cutout? Anyone here ever seen a blade fail there? Me neither.
The Hoodlum blade has been tested for over two years by many outdoorsmen and survival instructors. Ron gave one to a Marine unit in the sand box for a couple months and told them to wring it out. It survived unscathed. Apparently, the cutout is a non-issue.
Several years ago, Jerry Hossom wrote how he thought that many forumites seemed to think that reputable knife makers just wandered around aimlessly, making this or that, willy-nilly, without any testing at all. He was genuinely perplexed and perturbed at the armchair/mall-ninjas experts that inhabit many forums. He assured the reader that knifemakers do a LOT of testing. They try different heat treats, geometry, designs. They cut nails, bend blades beyond reason, and generally abuse the heck out of them so that the final product works well in the field during sane use. If something doesnt work, they change it or dismiss it altogether. As Bill Harsey told Cliff Stamp several years ago; Cliff, if you know so much more than us on how to make the perfect knife, then why dont YOU make one? Until then, shut up!
Hossom, Hood, Mayo and many others used to be regulars on this forum. Most of them got frustrated and threw up their hands because of the neophytes who thought they knew better than them. Some still chime in every now and then, but most are long gone.
Ron Hood is the grandfather of the modern survival instructor. He knows what he likes and what works. If you dont like the design, fine, dont buy it. Go buy one of the hundreds of sharped prybars out there instead. They all pretty much work the same. The Hoodlum is way different.