Interesting. After looking at this I scouted around the 'net a bit and found some stored procs for generating insert statements.
http://www.databasejournal.com/img/DataAsInsertCommand.sql
http://vyaskn.tripod.com/code/generate_inserts.txt
And there are probably others. These could be very useful. I like to script my SQL Server databases from scratch, but sometimes I need to move a lot of Access data into them afterwards. DTS sucks, but I could use that to just dump them into another database in SQL Server, then generate these insert statements and clean them up and put them into a seed script. Then everything is in text files ready to run.