I would disagree. Cold steel is very commercialized, but they do make good knives. The Ti-Lite. the Voyagers and Vaqueros, which you cannot deny are good knives, and excellent value (find me another 6" Folder in AUS-8 or better for $60). The recon tanto. The pendelton hunters and master hunter. And the trail master.
Sure they make crappy knives, but they have good knives as well. Part of the reason Cold steel has such crappy knives is they tend to be more radical in design than other companies, for example Benchmade. Benchmade sticks to the same formula; small differences in handle or blade shape, but for the most part the same knife. Cold steel's designs are vary greatly, which makes it basically hit or miss. They do miss more often than they hit, but you have to admire their willingness to experiment, AND the ones that hit are indeed excellent knives.
And I have found no problem with cold steel's warranty. They have replaced my ti-lite 3 times now; first time i got pissed and threw it in poor form and the tip broke off. Second time i accidently dropped it down the steps and tip broke off again. Third time my idiot friend used it as a prybar and broke it. Each time I sent it back they sent me a new one within a week.
You can't just brand the entire company as crappy.