Here's the RC-3 I received from my SWAT Publisher.
It's a limited edition SWAT 25th Anniversary blade (buy yours here).
It's heat-treated 1095 carbon steel with tough powder coating, and has micarta grips. The blade is 3 7/8", so it's carry-legal here in TN, where the blade length limit is 4". It comes with a nylon/MOLLE sheath, and the removable nylon sheath can screw onto a belt-clip backing that is included.
I believe everyone on staff got one, and mine is laser-engraved with my name on the other side of the blade.
It appears very well made and is not as expensive as similar blades. It is made by Jeff Randall, who is one of SWAT's regular authors (notably in the "Against All Odds" column).
I'll probably attach this knife to my day hiking gear; I've got a large Ka-Bar camp knife that I use on extended treks.
Here it is beside by trusty, well-worn MOD Mark II.