Just got back from three weeks in the Philippine Islands, and I carried a M2 Stryker with me exclusively. I carried it next to my sweaty hide the whole time, and I mean sweaty, it was around 30 degrees C most of the time with 90% humidity. I also clipped it onto my trunks immediately after snorkeling several times, though I did not take it in the water. The edge did tarnish, but no red rust. No noticeable degradation in the sharpness due to corrosion. This is exactly like the first impression I got of Benchmade M2 on a rainy camping trip a couple of years ago. Keep it wiped off and you won't have any problems over short periods of time.
It is a little hard to judge because most of the blade is BT2 coated, but the edge of the Benchmade M2 blades seems moderately rust resistant to me. I like it.