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Yes, there is. We all paid good money for the MCC. $60 isn't exactly peanuts for a lot of people, and for those of us who bought an XBO because of the MCC, that's another $350 in the hole. Consumers deserve products that actually work. Video games are no exception. Nearly every other consumer product would be subject to recalls, or the consumers given refunds or replacements, if the product didn't work. This applies not just to motor vehicles, bicycles, appliances, TVs, stereos, and so on, but even to movies, music, and games (and DVDs, CDs, & games are items that typically can't be returned once opened, thus likely leaving the consumer unable to fully recoup their costs). For example, I bought a copy of Ghost in the Shell 2 on DVD when it was released a decade ago, but the initial printing had subtitle issues (the subs were basically the closed-caption track). Dreamworks issued a recall and replacement program, and I got my working copy in the mail several weeks later. In the case of the MCC, it's either issue a recall, or do something else to make up for the past month.
Time is money, money is time. Time is something that, once lost, can never be regained. Telling consumers to suck it up and deal with it is always under no uncertain terms entirely unacceptable. If you don't value your time and money or just have different priorities, well, that's your prerogative, but for those of us who got the MCC to be able to play classic MP, only to discover that said part of the game barely fucking works, we have every right to be pissed off.
So, do people deserve compensation for spending money and time on products that are broken? I think Walter White has the answer to that: