I have about a half dozen Baofengs that all work perfectly. Do I expect them to survive a nuclear holocaust??? Not likely! None of them have given me any problems and they work reasonably well.
They provide a reasonable option for someone between spending $200+ for a name-brand handheld and not doing anything at all. I will tend to rely on my Kenwood, but it is nice to know that I have a box of throw-away radios if needed. Wouldn't be surprised to find the Chinese are building the Japanese radios in the same factories as Baofeng anyway.
Gigaparts has the FT 60R with drop in charger AND a LiIon battery pack for $130 right now....20 times the radio for twice the price. - GONE
Now they have an Alinco for $130 with the drop in charger, and Li Ion battery...
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