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I have a 4 wheeled Morgan, not a M3W.
After a ride in a M3W my wife thinks it would be fun. I agree.

The M3W was released prematurely seemingly because a certain Mr C. Morgan said it was ready for sale, without bothering to check with anyone else that it was so. But he was the MD/CEO, so that was fine. People in that position do this sort of thing.

Mr C Morgan is no longer part of the Morgan motor Company. I applaud this decision.
The management team is now left trying to pick up the pieces and I feel for them.

They sold close to 1000 M3Ws before the full horror of the lack of final development engineering became clear. The issue is now damage limitation. To recall and re-build all the M3Ws sold would destroy the M3W Company, a subsidiary of the parent. That would help no-one.

From a brutal corporate perspective it is better to have a few hundred disillusioned and angry M3W owners than no M3W Limited.

As has been said, the contract of sale is between the dealers and the customer. Angry customers can, and some probably will, sue the seller. If the seller fails because of the compensation awarded that protects M3W Limited and so Morgan. But it helps no one.

This is a sad no win situation. There is no good solution. There are now dealers that will not take pre 2014 M3Ws as part exchange cars or buy them because they can't accept the risk. I understand that.

So I'll probably buy one of the 2013 M3Ws at a knock-down price from an unhappy owner. I'll do so in the full understanding that I'm buying a car that has "issues", but they can all be solved with money. Is this taking advantage? Perhaps.

Commerce is little better than regulated, disciplined conflict and so the world goes on and so will Morgan. In all conflicts there are winners and losers. That is how it has always been.