Just thought I'd share my only warranty experience with Moultrie. I purchased an M40i a couple months ago and put it in a field. Day pics were great, night pics, none, just black.
Since I had registeted the camera, I sent it in. They received it Wednesday and my new cam was shipped out yesterday. No hassles at all.
I've slowly been adding some Moultrie cams to my arsenal because of the 2yr warranty. Curious to see what they sent me since the M40i is not available through them any longer.