For those that might be curious, I took some pictures of the peeling paint on our 348:
http://www.ideaspace.net/boat/2007/badbottompaint/
It'll be the end of the season before the boat gets pulled to deal with the bad paint. I patched it, after sanding off the loose parts and prepping with 216 as per instructions from Interlux. But it was clear the the existing paint just wasn't adhering properly so it will ALL have to come off. It remains to be seen what Four Winns will "arrange" with the dealer to get this corrected PROPERLY. But you can be damn sure it better not cause me ONE EFF'ING DIME to correct.