Not in this case. They're issuing MSRP refunds, no questions asked, in exchange for returns whose shipping they also cover.
Full disclosure: I've just shipped back my own Basis Carbon Steel - a device not even implicated in the overheating issue, but one for which they're still accepting returns and providing refunds. I paid ~$150 for it a few years back; they've said they'll be sending me a $234 check. Obviously, since I haven't yet received the check, I don't yet know with certainty that they'll live up to that claim, but they've given me no reason to doubt that they will. Overall I'm very favorably impressed with the way they're handling the issue.