That being said, I still think patio11's characterization is a bit unfair, and I stand by what I was saying about coffee.
I have a set of good German knives too, and I reach for them when a softer, less brittle edge is needed, such as when dealing with bones or partially frozen stuff. They're still very, very good, but it would be easy to tell blindfolded which is which.
My butcher uses a "crappy" mass produced stamped knife.
To a large extent I think these are fetish objects. Don't get me wrong: they are freaking cool and I want one.
You might consider picking up something like this <http://www.watanabeblade.com/english/standard/kuronakkiri.ht...; to see the difference without breaking the bank.
Home cooks don't need to be able to produce a perfect dice. Line cooks do. Line cooks don't tend to use $400 knives. That's telling.
They are incredibly sharp - you can cut a loaf of very soft bread without squishing it at all - and no crumbs either.
Ceramic knives have a bunch of downsides; they're even more high-maintenance than $500 custom steel knives.
I never did before - but now I do. It really does cut better than a serrated. It also gives the bread an interesting very smooth texture on the cut.
Ceramic knives don't need maintenance. I don't do anything at all to them, except you have to be very careful not to bang them on anything - a good cutting board is essential. And never drop them or pry with them - they are brittle. (So I wouldn't use them to separate frozen items, or on bones.)
Mine have some knick on the edge - it doesn't hurt the cutting ability, but I figure once I have too many of those I'd either have to resharpen, or just buy them again. A $15 knife every year or two is not that expensive.
If you haven't tried them you should.
But even allowing for that: there are extremely good mass-produced stamped "cheap" knives. Cooks Illustrated's favorite knife is a stamped Victorinox you can get for like $35.
Let's not pretend that there is really a crisis of mass-produced crappy knives that requires a hand-crafted antidote. There is real value to what this guy does --- I'm drooling over the idea of having a 10" chef's knife done to spec --- but really the western world pretty much has the problem of "how to make a good cost-effective chef's knife" licked.