I may catch a tongue lashing from some for saying this but, the elcheapo HF one's are actually holding up pretty well for me. I got a straight die grinder and an angle die grinder for a present from a friend with no auto experience. I thought I would just keep em around for a spare in case of a problem, well luck would have it a week later the one I had been using (can;t remember what brand, I bought it at a swap meet) died and I grabbed up the HF angle grinder. That was a year ago and I have not had it fail yet. I can't say any other one from there would last that long, but for $10 how could you really complain? I will say they don't seem to have the power of the higher quality tools, but they are doing surprisingly well for the money. Also, I think air pressure and oiling has a lot to do with any of them lasting any amount of time. I have a friend the doesn't run a pressure regulator in line so all of his air tools get roughly 150 psi. He uses a regulator at the gun for painting but not for anything else. He can't get a Snap on or matco grinder to last more than 6 months.
Kelly