It is Spyderco's cheapest fixed blade knife (excluding the polypylene/plastic handled kitchen knives) and the only one (I believe) that is made w/8Cr13MoV steel which among Spyderco's folders is limited to the "Value" and byrd lines, which are also made in China, including some very popular knives like the Tenacious.
There are a lot of people who refuse (or dislike) buying anything made in China for political reasons and/or those who think (as they did in the 50's in connection w/Japanese made goods) that things made in China are necessarily of lesser quality.
I am not one of these people. However, I also am not a fan of the Bow River.
Not because I think it's inferior because of the steel used or where it's made but because the Bow River is not particularly "unique" and because I already have many other fixed blade knives similiar to the Bow River.
I also do not like the pattern/appearance of the knife which is just a matter of personal taste and has nothing to do w/the quality of the knife itself.
However, if you do not have a knife like the Bow River already and don't mind how it looks, I think that it would be an functional and versatile knife to carry/use outdoors or even in the kitchen and it is a cheaper option if you can't afford something more expensive, whether made by Spyderco or not.