Well John. I own 3 Mils. One, such as yours, the serrated ATS-34 and the other 2 made out of CPM440V.
I agree with you, the serrations are pest. I never actually use this one. As speaking about the CPM version: It´s a great knife! The most versatile (IMHO) in the whole Spyderco line. It cuts like no other knife, it´s flat ground,light weight, the ergonomics are superb and the CPM steel is a hit.
Some guys would say that it´s too big. I don´t! The size fits me just fine. Matter fact, I tend to use bigger and bigger folders. This one is the one I use most (another one is the Chinook).
Now, after those overwhelming words, here comes some criticism: The knife features a very delicate and IMO fragile tip, so one has to be very careful!
The other flaw, as I see it, is that the locking mechanism in such a big folder should have been (like Chinook) a lockback and not a linerlock!!!
Conclusion: A great knife with some minor flaws.