To their credit, they are going to give the effected owners a gift card while they wait for their forks to be sent out for inspection and possible repair.

From the industry centered press release, the repair appears to be an insert bonded into the steerer. Two week turnaround.

From a user's perspective, as the fork will not be necessarily replaced, this will kill off much of the resale value, and you have better have another ride, two weeks is longer than I would want to be without a bike.