The 400 series are what is referred to as martensitic, that is, they form martensite at room temperature after quench. The 300 series, another commonly encountered series, do not form martensite, and are not used in edged tools.
AUS8 is another martensitic grade which has the highest carbon content of the AUS series. AUS6 and 8 are the grades most commonly found in cutlery.
Cryogenic treatment is a process in which the blade, after quenching to room temp, is immersed in a liquid nitrogen bath, often to as low as -300F. This allows for the complete transformation of austenite to martensite in the steel. This process is also used in the manufacture of some rifle barrels. In quenching, not all of the austenite is initially converted to martensite. The blade's structures are unstable and may either remain austenitic, or convert to martensite.
My guru, Karl Schroen, refers to this phase as "unstable austenite". He claims that as much as 30% of the structures, by weight, are unstable.
In your more highly alloyed carbon steels, like A2 or CruWear, two tempering cycles are used. In your stainless steels, which are typically even more highly alloyed, a double-quench, followed by a double temper, is used. In industrial settings, a cryogenic treatment is used.
I still prefer a carbon steel for most uses, as they can be sharpened more readily than most stainless, esp. the high vanadium alloys. I usually suggest stainless to my customers that are mariners or cook who cant be bothered to care for their knives.
My favorite steel for replica knives is O-1....really easy to forge and heat treat and takes a superb edge. A2 performs better, but is MUCH more expensive. O1 is the best value.