None of the above.
The current crop of Craftsman-branded Chinese-manufactured stuff doesn't appeal to me more from a design consideration (like the lobster claws, etc.) rather than a COO issue.
As a single item, the cost of the tools really has nothing to do with it - nobody has been paying "USA prices" for Chinese tools - Craftsman hasn't been "USA priced" for a long time. It's been far cheaper.
Beyond that, in most cases, there's not really much more that Sears sells under the Craftsman brand that I really need - I've purchased most of the Craftsman stuff I wanted when it was still domestic production, and short of a potential warranty issue, I don't have any need to go back and get anything.
That said, if I DID need something (wrench, ratchet, etc.), Sears/Craftsman does become LESS of a consideration, for an amalgam of reasons (price, COO, design, appearance/quality of the newly produced stuff, etc.).
Prior to the shift in production, it was incredibly easy to justify buying Craftsman and not looking at other options - it was good stuff, it was US-made, it was cheap (as cheap as the more popular Asian imports and cheaper than anything else made in the US), etc.
Now? Well, I can't directly speak to the quality of the imported stuff. I don't feel that it's been out in the wild long enough to make an objective opinion on it.
Past that? The appearance/design of the stuff stinks (the aforementioned lobster claws, the wider/thicker heads on ratchets/wrenches), it's not US-made anymore (which, admittedly, was NOT a priority, but certainly a plus, and would commonly help make the decision to buy) and, since it is an import, it's pricing is on-par or more expensive than other imports, so now those other imports get a lot more consideration.
So:
I won't write off the brand completely. If they make something that I need/want and I can't find a better solution (based on the factors above), then I'll still buy it.
I don't visit the store much anymore, but that's more due to the "having everything I need" aspect rather than the COO issue.