OK, I have not heard back from VI Support yet, but I called ILIO, a big distributor of VI products in the USA, and asked them about the Vienna Key and here's what I was told:
1. The key connot be backed up.
2. The warranty on the key itself is 2 years. If it goes bad after two years the cost of the key is not covered, and you have to pay a fee for each license that you own. As Steinberg owns the rights to the key, apparently there is about a $30 fee PER license to replace them. If the key is lost or stolen, you are most likely OUT-OF-LUCK and would probably have to re-purchase all VI software. In my case, this would be devastating and I would most likely never buy anything from VI again as long as I live! :-)
3. You can purchase a new key and transfer all licenses from your old key and the new one would carry a warranty of two years. So, to be safe, replace your key every two years. It's about $27.00 from ILIO and worth the investment.
4. In the case of theft, in my case someone would have to steal my gigantic desktop computer, if you were to file a police report and send it to VI, they may work with you by offering your original software for half-price, but they are under no obligation to do so. It makes me want to buy a separate safe JUST for my Vienna Key and lock it up every night.
Some of this I find acceptable, some I think is a bit outrageous. If my key goes bad out of warranty, I can understand I'd have to buy a new one. Why on earth I would have to pay Steinberg a $30 fee per license is beyond me! Also, the fact that all your purchases are registered with VI should be enough proof to them that you bought and own them so that, in the case of theft, you could simply download the software again or get replacement DVDs. The idea of having to pay for them again is really a bad business decision in my estimation. Well, perhaps it is a GREAT business decision, but it is a bad customer service choice. :-)
I am buying a new key this week and will continune to do so every two years and pray that my house is never robbed!!!!!!!!!!!!
That's all I nkow so far. If VI Suport has more to add, I'll share it.
Mike