I do like the orange, makes it a lot easier to see if you drop it out in the woods than some OD knife. It'd be a lot more usefull if the blade was stainless, IMO. I'd look at the reviews for it. Most people I've heard says it's definitely not worth the amount they charge for it. Gerber is definitely making some cash off the name.
Sort of related, I'd like to get a Gerber Gator Machete Pro, the Pal clone. I haven't seen many reviews for it though.