Tim,
You may be correct, and I hope so. The scary thing to me is the notion that people might actually substitute safety equipment for training and skill. And anyone who can plunk down nearly half a mil for a little airplane isn't going to wink at the deductable.
I'm with you and the others, that these things could be a wonderful safety advantage in an emergency.
That said, let's look at the "average" accident: It isn't wings coming off, in fact, structural failure (even in extreme turbulence) is almost unheard of. Yes, there are a few folks who lose control of aircraft in turbulence, but not that many.
Where to these category airplanes go astray? CFIT, controlled flight into terrain. A parachute isn't going to help a guy who flies his airplane into terrain because he was cheating on an instrument approach, or......
Don't get me wrong, though, the parachutes are a great idea. It's like a lot of other things: Airplanes are completely safe devices, until you introduce a human into the mix.
My point was simply that pulling the ripcord because you're in some turbulence (which was forecast) or because the weather conditions were as bad as forecast, and apparently beyond your flying skills, isn't acceptable to me.
If I were an insurance company, and a guy did one of those deals, I'd seriously think about trying to avoid payment in that he intentionally wrecked the airplane.
And, note that pulling the cord does NOT prevent severe damage to the airframe. They can be made to fly again, but it is not cheap.
MTV