I recently graduated from college and upon graduation realized that I had a pretty overwhelming surplus of the stuff.
It's more or less standard Chinese-made beater gear. IME on par with any "ponied" PRL stuff. Good to throw on for overly casual situations (in my case: class, messy fraternity parties, hangovers, etc).
While they do have a wide variety of button-front shirts and button-down sports shirts, I would not consider them anywhere near appropriate formal or business wear (unless you are going to a sorority formal or work for your dad's commercial real estate company). The cuts on them can be extremely billowy (think BB mainline) and I found myself routinely sizing down one or even two sizes, in extreme cases.
All and all they are what you would expect of them. They'll last longer than anything you buy at Macy's or Kohl's, but aren't going to be pieces you hand down to your son.