Nice blade. As for rust on that type of blade, it probably won't be much of a problem. Let a nice patina develop, wipe it dry when you get it wet, you'll have no problems. Sweat seems to be a bigger problem than anything, get that leather holster soaked in sweat on hot day, and now you've got salt everywhere.
Just out of curiosity, what are you planning on the handle design? Solid leather, ridges for grip, anything fancy? (I've seen a few with pieces of copper layered in with the leather I thought looked good).
Regarding the inferiority of forged blades: depends on the steel and the skills. There is an argument that forged blades have superior molecular structure compared to the blades atamped and ground out of designer steel by soul-less cnc machinery and laser cutters. It is all about soul. And physics.
They can argue all they want, but it doesn't mean they are right. The only thing I'll say is that there is no one steel/technique is ideal for all situations. They all have their place, and their use. Search the blade maker forum at bladeforums.com if you are truly interested. Some of the makers there have a wealth of knowledge with regards to steel (types/use/preparation/heat treatment).
As for the soul of the knife, now your talking about something subjective (style). Everybody has their preference, and frankly it would be boring if everyone liked the same thing.