Uh oh. I am reading the fine print. Looks like they are borrowing a page from GM:
If your crankset passes the inspection and has no signs of delamination, we appreciate your patience and diligence in having the safety inspection done. You may continue using your crankset as normalIf your crankset passes the inspection and has no signs of delamination, we appreciate your patience and diligence in having the safety inspection done. You may continue using your crankset as normal
So this is not a blanket recall. They are only replacing cranksets that are visibly delaminated! If your crankset hasn't failed yet you get nothing. This is a real slimy move by Shimano.