Titanium does not make a good blade material except for dive knives. Titanium has a natural oxide layer that developes when exposed to the oxygen in air (Ti02), about 1/2 to 1 micron thick (.0000005 to .000001 of a meter thick). It can only be hardened up to about 46 to 48 Rc, but in it's natural state makes a good backspring as is. The oxide layer is what makes titanium corrosion resistant, so it is good for saltwater use. Some titanium dive knives are available for as little as $60 (don't know the alloy) at my local dive shop, useless for a knifemaker to compete with.
There is one company that sells Timascus.
http://www.alphaknifesupply.com This is a titanium that they've developed titanium into a damascus material, they are the sole source of this. I don't know how they do this because the oxide layer would have to be etched off. Seems like they still use it for handles, rather than blades.
Titanium must be mig or tig welded, silver solder, oxy acetylene, or glue will not hold, that's why knives with titanium liners always have the scales held in place by screws. Titanium is a specialty material, expensive for what knife maker use, Ti-6Al-4V is a common knifemaker alloy (Alpha-Beta alloy). Easy to color by, annodize by chemical electrolosis or by a propane torch even (heat).
Here is a reference for 6-4 titanium alloys
http://www.espimetals.com/msds's/titanium64.pdf (Cut and paste the green into your browser, for some reason the ' is not recognized as being part of the url and is breaking the link). As it says here, do not use water to put out fires, this can and will happen when cutting. I am just beggining to experiment with titanium and already have seen a couple very small flare-ups, I keep my chips cleaned up very well from the bandsaw table (anyone notice the pictures of my shop, may see that I have 2 medium sized fire extinguishers on hand).
Didn't mean to make this a titanuim tutorial

I hope it shows why titanium
($60.00 per LB) is really not a good blade material for every day use. I does make great backsprings, liners, and bolsters using the Ti-6Al-4V alloy.
I like
D2 tool steel for a blade, more expensive than 440C. But it can be hardened to Rc60 using a regular temper and a cryo temper using dry ice (-112) or liduid nitrogen (-305) and not be brittle. It is a tool steel, just barely not enough chromium to make it qualify as stainless.
I also like an expensive steel from Crucible Particle but it is real pricey (powdered metallurgy technology). That would be
CPM S30V http://www.crucibleservice.com/datash/d ... N=18478548
I also like the looks of
M4 that they make as well as some of the Sandvick speacialty steels That D'Holder has been working with on a couple of Canal Street Cutlery knives.
Last but not least, I like
440C and some of it's variants (8A) and good old
1095 because I can buy that fairly cheaply.
It all depends on you standpoint, new to knife making, well I like
0-1, because you can heat treat more than once, scew it up and you can just redo it.
AFTER ALL THAT:
It all depends on your needs, I cannot pick just one, I can narrow it to 3 and that would be D2, CPM S30V, and 1095. There are far too many good steels to even narrow it to just 2 for me.