Interesting. While I am not adverse to paying 200 bucks for a production fixed blade, that does make me wonder. I had always considered AUS8 to be the "production steel", cheap, but good enough to please most people. By far the vast majority of my knives are ATS-34. I have noticed that the edge quality is far superior with this than AUS8, or other "real" stainless steels. Of course those opinions have nothing to do with me making knives, just from using them, and if no one liked AUS, it would not be made anymore. The only downside to ATS that I have found is its tendency to surface rust from time to time. Now this is my opinion: It seems like overkill to make a laminated blade like this. I have never had a fixed blade bend or break. Especially one that is 3/16 or 1/4 inch thick. Why do you suppose that Cold Steel would go through the expense and trouble of procuring a "premium" laminated blade steel, with really just an average core metal? Especially considering that aside from using a blade as a prybar, who would break or significantly bend it? Now I am wondering if I should shop around for something else that fits my criteria for this knife.