<taps wood> I've yet to have any problems with iLok (since 2007 IIRC) that were not user error and were user corrected.
I spend the $30/year for their protection plan and I have a spare iLok on hand for just that purpose.
Was that $30/year wasted? Here I quote the movie Heist in an exchange between Gene Hackman and Sam Rockwell:
GH-You ever cheat on a woman? Something, stand her up, step out on her?
SR-What?
GH-Ever do that?
SR-Yeah.
GH-Did you have an excuse?
SR-Yeah.
GH-What if she didn't ask? Was your alibi a waste of time?