Yes, very sad. I've been a long time Craftsman customer but lately I've been buying a lot of hand tools at Harbor Freight as there is a well stocked store 1 mile from where I work. I figure if I'm getting a Chinese product I might as well pay Chinese prices. Besides, their Pittsburgh line of hand tools has the same lifetime warranty as Craftsman.
And if you don't have a store close their $6.99 flat rate shipping is hard to beat.