I had the same problem and would suggest you not buy a new switch. Craftsman tools are good, but I have now had 3 switches "burn out" (two separate routers and one table saw). The solution is to bypass the switch by connecting all 3 wires that go to the switch and to buy a separate variable speed on/off switch and plug your router into that device. It may be easier for me because I use a router table, but your new switch will undoubtedly not last.
tom n, November 2011