Out of the box, the blade was almost sharp enough to shave arm hair. I took a strop to it and got it sharp. I like the way the blade is subdued and the shape of the handle was well thought out. I proceeded to test it on 1/4" poly rope and cut up a ten foot piece into about 40 pieces. It then cut paper pretty well but you could see it was getting dull. I wet my hands and found that the handle grip was good. I didn't feel the handle slip.
Overall I think this is a pretty solid utility knife if you can get it in the $30 dollar price range. I'll continue to use it and I will update as necessary.