Got five notices in the mail yesterday. Since i've already had four (two of mine, two of my roomies) locks replaced, i'm not particularly concerned about it. I would have gone that route given the options anyway. And i can say nothing but good about how Kryptonite has handled this. I even got an upgrade on one lock, their mistake, and they said to keep it. I traded in two Kryptoloks and got back one new Kryptolok and one New York 3000 lock. Called Krytponite about it, and they said don't worry about it, just keep the upgraded lock, unless i *really* wanted to just have another Kryptolok. Also specifically mentioned they would honor the upgraded insurance on the 3000 as well.