I have plenty of stainless calipers and rules that say hardened, but when it comes to rules, I don't have any stainless FLEXIBLE rules that also say hardened. This rule however is actually a blade for a combination square, and as such is not flexible. I own a number of combination squares, and one Mitutoyo has a hardened stainless blade (it also has a hardened steel square on it, but that isn't stainless). The rest have either soft stainless blades (Johnson, with a zamak square), or hard steel (B&S, with a cast iron square). Such are the shaded differences between a $15 tool and a $150 tool.
Yes, but it's not all about hardness. Many rules need flexibility. They're more of a spring steel, and while many types of stainless can be hardened, those types are less corrosion resistant than the types that cannot, and are also less springy and more brittle than other non stainless steels that can be hardened even more. It's all about trade-offs.