I say NO, and this is coming from someone who buys the off brand everything else. For whatever reason they just cannot capture the same taste, most of the time. The biggest one is Cheerios, and I have to get the brand.
I think Walmart has some good deals on off-brand cereal and its pretty good but I like the ones with lower sugar-and I even bought organic cereal that they had in the mark down section for 2 dollars. A cereal though I really liked was a banana-nut whole grain granola cereal made by Sunbelt Bakery,and I really enjoyed it quite a bit for 2 dollars, but I think its gone up in price a lot lately ?