I was in need of knives a little bit ago and did some research on the newsgroups. If you go to a restaurant supply house, or visit one online, you can get very good quality knives for a lot cheaper than the "prestige" knives sold in department/specialty stores.
I bought some Dexter/Russell brand knives and I'm very happy with them. They were very inexpensive but of very good quality. I didn't need a full set, and to be honest most people don't either. I bought a chef's knife, a boner, a utility/tomato knife, a bread knife, and a carving set for a lot less than half (probably one-quarter) of what you would pay for a "prestige" set, even on sale.
If you must get "prestige" knives, take a look at the Global line. Very good quality, very attractive looking, and you can usually find them for less than the "prestige" lines.
Hope that helps someone.