Probably should put the flame suit on but in many respects I think the warranties on bikes are awesome. Where else do you get to buy something, fling it at and over rocks, trees, mud, jumps etc and still say 'JRA'? Don't get me wrong there are some bad outcomes there but also some great ones.
The thing that surprises me at times is how little value people place on warranty - if you buy a second hand 'near new' bike and the warranty isn't transferred then the difference in price is really the warranty. Especially with brands, models that have a rep for breaking.