I think Bravo762 summed it quite well.
With me, it's strictly for utility.
My blade will draw blood only AFTER I've exhausted avoidance, the ability to run, and two empty magazines of 40 S&W.
over the years, I have spent a lot of time and $$$ on training with a handgun and while skilled knife fighting it itself an art, it is not for me.
That said, I am lucky to live in Kentucky. Our CCW (Concealed Deadly Weapons License) covers it ALL. Fixed blades, automatics, Nunchaku, ASPs, saps, billys, brass knuckles, and even throwing stars!