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I had a long chat with Rob from VS about a month ago, and he did confirm that they are looking to reorg as a tackle manufacurer only. They actually want to expand their product line to include conventional reels, and offshore reels as well. As far as their service is concerned, it IS NOT $50 per year for warrenty service, only the cost of shipping via UPS. They have to charge for non warrenty repairs as do all manufacturers of fishing gear, or any thing else for that matter. Companies cannot stay in business if they do repairs for free. They reason they ask to have their reels returned annually, is so that they can replace any seals that are worn. I believe that their reels are worth the money, as long as you make sure to send them back for warrenty maintenance every year. I also heard a rumor that they may authorize some tackle shops for repairs in the future
Good Luck and Tight Lines
Good Luck and Tight Lines