Cold steel swords are for all intents and purposes, non traditional, but very functional weapons. To my eye, they look good, not great, but good. By all accounts they're also tough enough to preform as should be expected from a good sword.
They're a little overweight according to some, but given historical swords varience from peice to peice, even of the same basic type of sword, thats for forgiveable.
They're not nihonto, of course, but they're good functional swords that will serve you well and you'll have a lot of fun with.
They're better then "wallhangers". And probably tougher then the hanwei/paul chen shinto, many reports on the shinto katana's, at least the early ones, indicate brittle edges and wood thats to soft to properly support the tang.
You might consider a hanwei "practical katana", if you just want a nice looking, but functional conversation peice. These run about 170 dollars.
Also, someone posted a link to museum replica's. They're stuff is very nice looking in the pictures, but they're are mixed accounts of quality, it's really luck of the draw. They have good prices, but you might recive an inferior product depending on the day of the week.
Swords are actually a big intrest of mine and I know a fair bit about them, both the orginals, and most modern repro's. If you need any advice feel free to contact me. I should be able to help you out, and welcome to the hobby, if this is your first one. They're every bit as addicting as black rifles ;)