I've been using the $23 Victorinox knife for the past week, here are some impressions. The very plain looking handle turns out to be very comfortable and accommodating of a variety of grips. It's terrific, lack of rivets or a visible tang notwithstanding. In contrast, I also used a relative's Cutco knives in the past week, which have these ivory colored handles with elaborate contours. Uncomfortable and definitely not made for "choking up" on the blade, truly awful.
The Victorinox has a good sharp edge on it, time will tell how well it holds up. The blade has a taller profile than our Henckels chef's knife, but is much thinner throughout. I assume it's stamped rather than forged. Consequently it's much lighter, which is both a pro and a con depending on what you're doing. A key difference between the two is that the Henckels has a thick hilt so the edge ends short of the handle while the Victorinox' edge extends to the end. So there's more to hold on the Henckels when the going gets tough but the full edge on the Victorinox makes for some nice slicing.
In summary, I quite like this knife, it's not quite as nice to use as the much more expensive Henckles, however it's much nicer than that crummy Cutco. It's also better than similarly cheap knives I've encountered elsewhere. Certainly recommended for $23, probably still a good value at Amazon's usual $40.
jeff