I just picked up some new Craftsman tools from Lowes for a new tool bag. I've used them a few times now and they are, in my opinion, every bit as good as the standard Craftsman tools have ever been. And better than the standard HF fare by a country mile.
We must remember that Craftsman was never "Snap On" quality, but it was always good enough for significant use.
Of course, once you get into the "professional" lines that each group has or does offer, things may be a bit different. With smooth chrome finishes and thinner walled sockets.
Good to hear!