All the bad reasons you mention are why I haven't bought it.  All the good reasons are why I still want it.  <img src="/images/graemlins/smile.gif" alt="" />  I would get the non-serrated version, but the edge not going back to the hilt has always seemed strange to me.  Even so, I have more "utilitarian" knives.  I'll keep this one in the back of my head for when I strike it rich.  
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Experience is a hard teacher because she gives the test first, the lesson afterwards.