InfoPath sucks and SharePoint is the most expensive piece of crap ever. InfoPath, as a development environment, has absolutely no redeeming value. It's worthless.... (more)Since then my opinion of InfoPath has changed slightly. It still suffers from all the flaws I pointed out in that post. However, I think when used right, InfoPath can be an OK tool. I think it's well suited for designing one off forms and not for anything that requires complex logic or multiple iterations (like most software development requires). Alas, most CTOs fall in love with its point & click simplicity and integration with SharePoint that they try to use it to replace more developed technologies like ASP.NET. What do you get? A horrible development environment that's absolutely not suited for software development and highly paid software developers designing InfoPath forms. See this link for an an example of how InfoPath makes something very simple and basic very complicated.
With the 2010 version, there's been many nice changes to InfoPath. But it still makes me chuckle that a Google search for "InfoPath sucks" turns up my blog post.