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you could build CM or AOSP from source if you want

And void the warranty of a device in the process? No, thanks.

Do you still have a working warranty for your Nexus 4?

Nexus 4 isn't the only one that suffers from lack of support.

but thats what this comment thread is about.

Anecdotally: I have had a smartphone hardware fault repaired under warranty, despite having an unlocked bootloader and a custom ROM installed.