I hate to ruin perfectly good speculation and rumors with first-hand knowledge but we just completed two Loomis warranties: 1. ‘Jon’ brought his 9’ 6 weight GLX Crosscurrent into the shop on 10/1/2012. With a broken tip. We immediately returned the rod via UPS and it was returned to us with a new tip section on 10/9/2012. Total cost to Jon = $20. 2. ‘Brett’ brought a 10’ 8 weight Pro 4X in on 10/3/2012 with a broken #2 section. Again, we promptly shipped it back to Loomis and they had it repaired and returned to us today (10/10/2012). The warranty fee was waived on this repair. Total cost to Brett = $0 You could call that “shitty” if you want.