Only certain items. They certainly have fallen victim to slapping the Craftsman label on cheap plastic "things" out of desperation which has definitely impacted their reputation as of late, but for those of us who can't pay Snap-on prices for everything what remains of Sears' actual tools are still light years better than the malleable/rusty junk Lowe's, Home Depot, Amazon and Walmart sell.
Here's a list of which companies own which brands. A lot of them probably come out of the same assembly lines with different names slapped on.
The only Craftsmen tools I see on job sites now are wrenches and screwdrivers.
The basic hand tools and precision instruments are the Craftsman products I find are still worth using. The wrenches, torque wrenches, calipers, hammers, screwdrivers and the like. Nothing electronic or mostly plastic.
I wonder if that mentality just grew beyond the point of no return.
You also get to see differences between product you cannot see. I just saw a super glue benchmark and well loctite won, but some "neat" brands failed early.