Sorry for your troubles OP,
going back to the original question, what does it mean to me? Absolutely nothing.
Warranties have always been a big thing in Mountain Biking, after all, we take things we probably spend too much money on and put them in harms way, for fun.
I’ve been sold “Lifeftime Warranty” by one of the biggest brands in the business (Spesh), happy days, frame cracks 4 years later in normal use, original owner, proof of purchase you’d think you’d be covered yeah? Nope, because they rewrote their policy 2 years after I bought it and made it apply retrospectively that it was now only 2 years, how can they do that? Well because 400 words into the original small print that they could do so, if they wanted.
Also “Lifetime” I’d guess most people would think that means your lifetime yeah? No, it’s often the lifetime of the item, which is usually an undetermined length of time, but rarely more than 5 years.
Add into the fact that quite a few shops who are keener to protect their relationship with their suppliers than their customers (yeah, thanks for the Evans). “I’m not prepared to send that to SRAM as you’ve abused it” ‘Abused’ in this case being using a dropper in muddy / gritty conditions, and SRAM generally being pretty generous with the reverb replacements.
Anyway, rant over, for now. ‘Warranty’ is a vague term, it really means manufacturing fault which will usually show up within hours of use, not years, rarely doesn’t mean the same a guarantee like “if you use this mountain bike on mountains we guarantee it won’t break for X years” or “spend more than you should because you won’t need to replace it for X years” and whatever it says it doesn’t really matter because if they screw you over, it’s not like the police will raid their HQ for you, you’ll still have to take them to court, your only weapon is fear of bad PR, but for whatever reason most of us won’t name and shame.