How much faith do you have in password entropy calculators?

I'm particularly interested in KeePass's password quality estimation. Per KeePass's website:

> KeePass uses an advanced algorithm for estimating the quality/strength of passwords. It searches for patterns, like e.g. popular passwords (based on a built-in list of about 10000 most common passwords; variations by upper-/lower-case and L33t substitutions are detected), repeated sequences, numbers (consisting of multiple digits), constant difference sequences, etc. For each pattern combination covering the whole password, the cost (number of bits required to encode the data and …

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