I couldn't agree more. I've got a D2 Canal Street Canittler, a Russell pen knife with VG10 steel and a Fallkniven with what they call gold laminate powder steel(!). They're good knives but I have knives with 1095 and 1070 carbon steel; SAK stainless; Sheffield stainless; Case CV and Trusharp; Buck 420HC; Rough Rider's 440A and a fair few other steels, and these are every bit as effective for my uses. Every bit. They're also, as has been pointed out above, easy to sharpen and you don't have to send them back to the factory if you dull the edge or put up with owning a knife shaped object that can't quite cut air. Steel snobbery is an unfortunate affliction and it's nice to see it being treated by application of a SAK.
I love my SAKs, and wouldn't change the steel in their blades at all. I've never abused the blades on any of them, but they've never batted a lash at anything I've thrown at them either.
I've had/have a few knives with VG10, and it'd be nice to have something with an S30V, ZDP, or D2 blade, but I realized that "super steels" really aren't all that different from one another when you look at the big picture. I think the actual differences that steel snobs argue over about edge retention, rust resistance, etc. are all very, very small in terms of the actual differences they make in practical application. I think that actual measurements of such properties in objective tests (hardness, ductility, etc.), would only show fractions of a percent of difference between them.
I used to think that super steels were the only way to go until I got my Condor Golok machete, which is made of 1075. After putting a proper convex edge on it, and putting it through some paces processing firewood, cutting tree branches, brush, and green foliage with it, I am very, VERY pleased with its edge retention and how easy it is to sharpen. It really sold me on the high carbon steels. In fact I went out and bought a BK14 (made of 1095), as a general camp/survival knife because of how well the 1075 in my Condor has held up so far.
But, back on topic... SAKs rule!