Ed Fowler's article in the last Blade extolled the virtues of a carbidized titanium blade. He was amazed by the performance and even went so far as to say that it was the most significant step toward cutting performance he'd seen in decades.
If you are worried about strength and flexibility, I would say that you just engineer it to deal with those issues. Make it thicker than normal, and wider to get the bevels narrow. The blade could probably be 10% or more larger than a comparably weighted steel version.
Not only is titanium lighter than steel, it also has a seriously phat fatigue life. Very difficult to bend titanium, it's very resilient.
It can also be tig welded, which could open opportunities for ultra strong handle attachment.
If you are worried about the surface getting marred and stress risers forming, plate it with titanium nitride.
I think that it is a cool idea, and titanium is getting pretty cheap and accessible now. No longer 'top secret'.
Carbidized titanium blades are going to be THE NEXT BIG THING. Stock up on them Warren Thomases, that man is ahead of his time.