I have the 10" version of that saw. The design on both looks the same though. That line of saws appears to be made by Rikon which I've read good reviews about. Overall, it's a good saw and cuts well. Mine runs smoothly and tracks well. I like that is uses roller bearings for all the guides and that they're easily adjusted. The biggest complaint I have about mine is that I wish I could get the blade tensioned tighter. They may have a stronger mechanism on the 12" version. On mine the fence seems kinda cheap but it works. You'd want a better one for re-sawing. The table tilt adjustment is pretty basic but it's what you find on machines this size.
The blade that came with mine was **** and cut poorly. I imagine the replacement blades for it from Craftsman are junk as well. They blades are also a different length than you'll find in Lowe's or Home Depot. Companies like Wood Craft and Rockler have them but I remember them being kind of expensive and they didn't list who made them. You best bet is to order some after market blades. I ordered some from SuperCut Bandsaw Co.
http://www.supercutbandsaw.com/ Their customer service was good and they slipped the blades quickly. They were about the same price as the in store ones and cut very well.
If I think of anything else I'll let you know. Or if you have any questions ask away and I'll try to answer them.
David