I second Paul Work's choice, as he well knows
.
I'm getting a CF Dragonfly soon (it's on the mail!). I already own a FRN Dragonfly (Fiberglass Reinforced Nylon, which most people call Zytel even if i'm not sure it necessarily is this material). It's a lot cheaper, and the handle might not be the prettiest, but it does it's job very competently. Spyderco provides for a non-slippery surface on the FRN handle by carving a particular texture, which provides a "grippy" function.
CF handles are tough, but also much more elegant. After seeing pictures of the CF Dragonfly, I'm not so convinced that you should get this if you're not merely collecting. I don't really need one, but I WANT one
. In fact, judging from pictures, the CF Dragonfly doesn't look as elegant as other CF handle knives, like for example the much more expensive C22 Michael Walker with CF handle. This adds to the complication, since CF handles are done in different patterns and textures. Overall, Spyderco releases limited numbers of CF handled-knives, which are in turn always a variation of an existing model that sports a FRN or G-10 handle.
If you want a heck of a little knife, for a low price, get the FRN Dragonfly. If you are a collector and "Dragonfly-freak" like I am, get the CF version (if you can find it!).
Oh yeah, and by the way, keep in mind that the FRN Dragonfly sports an AUS8 blade, while the CF version (and also steel version for that matter) includes an ATS-55 blade (generally considered of higher quality).
Hope this helps,
-Flood