I, personally, have yet to find a tire that performs better on regular oily streets immediately after if rains(you know, when the oil in asphalt rises to the surface before it's cleaned off) than nittos, and they're cheap! I'm a cheap B******.
However, I would not agree that all cheap tires are universally bad. I've driven on many crappy expensive Michelin or Goodyear tires that were inferior to cheaper BF Goodrich or Nitto tires (better dry/wet traction, ride, etc).
It happens everywhere, not just the tire industry. You can walk into a store a get a low-end whatever widget from a well known manufacturer that will be as crappy, and sometimes worse, as the cheaper no-named brand sitting next to it. The point is, all manufacturers have ranges of product to fit certain needs/desires. Some people desire a name more than what the product represents.
For tires, I've seen people post about the "crappy" tires that came on thier sports cars that only lasted 15-20k miles.(crazy) Then there are the people who complain about noise, lack of grip, etc. The point is that's why there are different models of tires and why people buy different ones.
damm i miss all this!! LOL Its been 3 months and let me tell you something i love the tires , they are awesome, the car handles good and when it rains they have good traction!!! So they are not bad like mr pirelli said!!!
I'm a cheap B******. 
