Been looking around and the only difference I can see between LE's and regulars are the satin finish. Well, some are flat ground also. What makes them so appealing?
I know for me, I'd rather have a coating the helps protect agains rust.
I think many (myself included) find the look of the satin finish more aesthetically pleasing. Also, through use the coatings will begin to wear off which some feel diminish the way a blade looks, not to mention that when the coating wears off the rust protection may suffer. My understanding is that after hard use the satin is relatively easy to restore to its former glory, while the same cannot be said for the coated blades.
All that said, I like the fact that the coated blades cost less. Money no object however, I like the satin look. I'm still just a newbie, so I'm sure some of the more knowledgable Dogs will be able to offer many more comparisons between the two.