CPM M4 is much tougher than D2 at the same hardness, yet can get much harder as well. It has much improved wear resistance over D2 as well, though I'd have to give D2 an edge in corrosion resistance. CPM 3V should be tougher yet have less wear resistance than CPM M4. I have yet to find a steel that gets as sharp as CPM M4, and I find it's combo of toughness, edge retention, extreme sharpness, and chipping resistance to be the best balance of steel properties that I like out of all of the steels I have tried. I really like CPM M4 and have 3 (soon to be 5) knives in this steel, and will soon have a couple folders re heat treated to 64-66 RC to see how it does at the high end of it's hardness range. I know at 62.5 my Mule works great and my Krein custom at 63 RC really works nicely as a precision cutter with it's very thin edged full height hollow grind. It should be interesting to see what an extra 3-4 points of hardness does for edge retention and if any noticeable loss of toughness is given up to get full hardness out of CPM M4.
Mike