M390 is a very good steel. Rockwell Hardness makes it appear as nothing special, but it is incredibly wear resistant, and not all that bad to sharpen. M390 is like taking ELMAX/S35VN (similar in great & balanced performance) and pushing wear resistance up a few notches. At 62 HRC, it will give edge retention better than CPM-M4 @ 64-65, ZDP-189 @ 65 under heavy cutting, and will be close to CPM-S90V. Unlike S90V, it's possible to keep up with a basic but good sharpener (SharpMaker), arguably making it better-suited for daily and heavy usage.
With that said, S90 is generally superior to continuous cutting of fibrous objects which tend to rapidly deform edges, such as cardboard. S90V @ 60HRC outperforms M390 @ 62 and virtually all other common steels and most exotic steels...but M390 comes pretty close to the ridiculously wear-resistant S90. The biggest issue with S90V is that it is a nightmare to upkeep.
Arguably the biggest drawback of M390, however, is its price. I have a Paramilitary 2 in M390...when I got it, I paid like 50% more than the standard (and already great) S30V Para2. Now, people are paying 500%+ for a M390 Para over the standard S30V Para...to me that is insane given steel 'upgrades' today are relatively incremental!!!
Between upkeep, price, and toughness, I personally like ELMAX/S35VN/CPM-154 and steels in that range over the more exotic steels tho.