Well...if the 200 collector's club folks actually kept their knives, then that would leave 300 pieces out there. I assume Spyderco kept some/gave some away as gifts - lets say 30 pieces.
So in theory, you have 270 knives floating around.
Benchmade seems to have the most success with limited edition knives when they sell only about 100. These have retained their value quite well, even in the short term.
So maybe Spyderco made a few too many - although from Spyderco's point of view, when they sell them to stores and distributor's - they are done and gone. Who knows what will make a collectible anyway? I saw a Stag Spyderkey go for $187 on Ebay about a year and a half ago. I found one at a brick & mortar shop for $35, below the original dealer cost if I am not mistaken. When and where you find these things and at what price only time will really tell.
I find the bolsters to be an interesting novelty, although they somehow lack the beauty of the patterns that I typically associate with damascus steel.
The scales are some of the nicest dyed jig bone I have seen on any knife, production or custom - so I would say they are a great success.
In the end though, it is just a Delica - a perfectly good using blade, but not very distinctive in grind or profile as to warrant immortalization treatment, IMHO. This design take one of the greatest attributes on the Delica/Enudura concept (lightweight, easy to carry, multi-purpose) and pads it down to the point where it is not really a knife I would choose to carry much if at all. I am pretty sure that Spyderco did not intend for these to be carried out and about, but it would have been nicer to get a new blade design or other innovationi for the anniversary model, instead of a dressed up low-end model.
I am sure it was a very tough decision in any event.
BTW - this post is meant as constructive criticism, not to trash the Spydergang.