I Love this little paring knife which was the only one I was missing in my set of Henckels which I have had for at least 2o years.  With knives, you get what you pay for and while Henckels knives are pricey, you will buy them only once.
Hint:  Use the honing steel EVERY time you pick up a knife to use it - knife in one hand and honer in the other and hone for 10 strokes or so.  I was told by a Henckels rep last year that you should use a sharpening stone only once or twice a year.  A helpful analogy is your dental routine:  brush your teeth twice a day but only have the dentist do a deep cleaning twice a year.
Quite simply, this is the best investment you can make in your kitchen tools.