Before scrapping it, undo the screws holding it together and check to make sure that the shaft does not sit proud of the bushings. If it does you could probably file/grind/machine some off until the shaft fits flush against both ends.
Or instead of grinding down the shaft, I believe the bushes are also just standard industry parts, so it should be possible to find a bush with a deeper lip on it to take up the space. I seem to remember someone on MTBR found the part number for the standard bush at some point, it might be worth having a read up on there and then looking for those.
Definitely don't think this is something worth scrapping the frame over…
Of course, if you don't want it… *whistles nonchalantly* ;o)