I've got to disagree with caneau on some things...
There is not a single knife in the Benchmade line that is comparable to the SureFire Alpha. The Alpha is a full-size folder with a flipper and a DLC coated S30V blade over 4", something that Benchmade simply does not offer. I own a couple Benchmade knives (Manual Stryker and Mini-Reflex Auto), and they are very tough and reliable for the price... both of mine also have 154CM blades. However, they are no comparison for custom (or semi-custom) knives like the Steve Ryan designed SureFire Alpha. I also own a Strider SnG and Chris Reeve Knives 5.5" Green Beret Knife, and I can promise you that they are worth twice as much as my Benchmades.
Also, there are many in the knife community that would take great issue over the S30V vs. 154CM comparison. 154CM is definitely a great stainless steel, but it cannot compare to the particle metallurgy technology of the Crucible CPM steels. S30V beats 154CM on toughness, edge retention, and corrosion resistance. That is the main reason most custom knife makers are moving toward using this steel in hard-use knives. M2 steel is not stainless, so it actually belongs in a different class.
With the SureFire Alpha, you get an awesome Steve Ryan design using top-notch materials for a bargain basement price... a Steve Ryan custom would easily cost you $600 or more. Am I going to get rid of my Benchmades? Absolutely not, they are great knives for the price, but I also do not regret purchasing my Strider or Chris Reeve Knives. Hope this helps...
-Randy