I own, and use, a Project 1. It's a great knife. I use it for, among other things, killing game. It's proven to be very strong and be a good penetrator, which is important if you're trying to get through a boar's thick shield of scartissue/calous. It provides a sure and comfortable grip that allows me to really drive the point home.
I have also used it for chopping through fairly substantial logs(around ten inches). It chops well, and the checlered handle has never caused me any discomfort.
I also use it for skinning(I should say I only have the one knife at present. I had two, but recently broke my folder), it slices and bones quite well too.
Most importantly, it'sone piece construction makes it easy to disinfect, important because a harmful bacteria that I cannot pronounce is common in game.
Personaly, I think the $300 price tag was a bit high. But it's proven to be a superb knife and I don't regret the purchase. Besides, a lot of guys are selling knives for a lot more than that that don't really offer any difference in form over a cheaper production knife. You're mostly paying for the maker's name, a little bit for the latest in trendy materials.
At least Reeve's knives actualy offer something different, and useful.
All in all, I'll take a larger knife over a smaller one any day, and this method of construction better lends itself to larger knives, but they are well designed and highly functional knives and I haven't heard many complaints from people who actualy use them.