Man, I don't even know if I should jump in... what the heck, here is my take...
I am in engineering management (that means I am an engineering and a manager, not that I manage engineers) and as such wear a suit every day. While I do go somewhat thrifty on my suits ($500 max for a single suit) I prefer higher quality clothing whenever I am "out and about". This does NOT mean that I spend $100 on a friggen shirt. If you are smart and know how to shop you can come away with good quality clothes for not much money.
Some examples include the wrinkle and stain resistant shirts from Eddie-Bauer, I got a bunch when they were on sale for $30 each. Now, years later, these basic color shirts I bought are still "in style", don't cost much to maintain as you don't have to dry-clean or iron (except every once in a while), and are still in great shape. Another are the sales at Macy's (previously the bon here in the northwest). I get great quality clothes for cheap from brands I like such as polo, alfani, and others. I usually spend $100-150 at a Macy's sale but for that I get several outfits as well as random other seperates.
I also do some shopping at Target, Costco, Old Navy, and Fred Meyer. Things like socks, undershirts, boxers and other high-use, quick wearing out clothes I pick up there as they are cheaper. I am by no means a clothing snob but my wife and I do a good job of getting good clothes for less.
As for the actual topic at hand, I don't like A&F simply because of their marketing campaign. I have never tried on their clothes or entered their stores and never plan to, simple as that. If you are more concerned with the brand name than the quality then you have issues, and if you think a shirt is worth $100 you have even more problems.
-spike
P.S. I perfer having $1500 of gadgets on my person than $1500 of clothes. That probably makes me a geek but hey, the wife approves so who am I to complain?