I admit, i like liner and frame locks when theyre done right, which as others have said, is not very often, and folks, the price point has little to do with it. I can't tell you how many high dollar customs, from some of the top makers have poorly executed liner or frame locks. I saw a custom Emerson the other day, a very expensive knife, with a truly pathetic liner lock and blade play, it was brand new, i still dont get why people pay what they do for them. In fairness to Emerson, I have seen the same from just about all of the top makers of tactical knives, a good maker seems to be one who has less bad locks out there than others. As was said, its very difficult for a maker to get these types of locks consistantly right, but, when they do, its a pretty good lock.
I still believe the Sebenza is the best liner/frame lock available, are there other designs that are as good, yes a few, but no maker i have seen, and again, this includes custom, can produce a perfectly fitted liner/frame lock as consistantly as CR does. With liner/frame locks, the trick isnt getting a good design, its the execution of it thats hard, its simply very tough to turn out lots of knives with these locks that are consistantly correctly fitted. Though it is difficult for makers to get them right every time, i still am amazed when i see a tactical from one of the top makers with a bad lock and/or blade play, i just dont understand how on earth they can let a knife like that out of their shop, its as if they dont examine their knives before shipping them given how obvious the flaws often are. Its not rocket science, if you open the blade, and the liner goes most of the way to the right side, its a bad lock, if the lock engages the blade so barely that a little force will cause the blade to close, its a BAD LOCK. If the knife has blade play, well, IT HAS BLADE PLAY! How do they NOT see this, dont they care??? I underdstand nobody's perfect, but i see this way too often, and often these are $500-$800 knives. I can live with a less than perfectly centered blade, but a bad lock should never leave the maker.
So, yes, alternative locking systems should continue to be explored and improved. I think the liner lock has its place, but will be relatively obsolete from a functional standpoint when something better and safer comes along.
And yes, the LAWKS system does work pretty well, but you do lose the simplicity and convienience of a lock without it, which is the appeal of the liner lock.
I recall someone's signature line which says that the strongest and best folder's lock is only as strong as the weakest and worst fixed blade's.
Fixed blades will never be obsolete.