Been meaning to reply to this, sorry.
While I have always considered "The Newfits" a joke, the American Psycho album has some surpsingly good/catchy songs and even Famous Monsters has a couple, but the rest of the stuff is garbage. The Dez/Marky years were terrible (actually I think Dez might still be in the band, they're supposed to have a new album out someday). They did Project 1950, which was an album of terrible 50's and 60's cover songs.
Jerry seems to have changed both musically and personally (I think he might have found his religion, see Kryst the Conquerer and the recent interview that I think was posted in this thread where he bashed Glenn for being too "satanic" and unsafe for kids to listen to). His rep amongst most Danzig fans is that he views the Misfits purely as a cash cow, willing to put the logo on anything that will sell. e.g. lunchboxes, wristbands, can coolers, etc. (sort of like Gene Simmons did with Kiss).
It must just kill Glenn to see what Jerry does with The Misfits name and brand, maybe that's a big reason why Glenn has such a chip?