I have seen this issue a few times. It is not junk, all you need to due is clean the magnets with some brake clean and use a good two part epoxy to glue the stainless steel band back in. While the flywheel is out make sure that it hasn't cut into any of the stator wires. If you decide to replace it, order one for a 06 they were a little lighter flywheel. Hope this helps.