The main crux here is not whether there is any exchange program.
Canon should be offering the repair for free since this is a production defect that affects A70.
If it is a typical wear and tear problem, I can accept it.
But for a production defect, they must take the responsibilty of fixing it for free.
Who would want to buy a camera that will FOR CERTAIN OR HIGH PROBABILITY of failing after one year of usage?
rgds..