I don't really feel that (most of) their prices are inflated, at least not when items are on sale, which is about 90% of the time. They are a bit inflated on things that are online only, such as specialty tools and such, but you can usually use a coupon to bring the prices down closer to reality. I have a rule not to pay more than 50% of retail from Sears, and I've bought almost their entire tool dept. following this rule with points offers, sales, and coupons.
Points are normally only 1-2% back, so not really a big perk unless they are offering some special points offer. Points back coupons usually aren't bad though.
As for their Asian-imported tools, I'm not a buyer either. Craftsman still sells a lot of stuff made in the states though, like pliers, hammers, screwdrivers, sandpaper, and a lot of other little things. Wood clamps are made in Slovakia, portable tool boxes in Israel. Of course, if you stray away from the Craftsman name you can buy Channellock, Wera, Wiha, Knipex, Estwing, Fluke, DeWalt, etc.
