I did get the call from Autogeek yesterday and they are sending me a new one. I haven't gotten a picture yet, which they want me to send. It's not the loop part that is peeled, but the base that has ripped in half. Picture a bagel, and how it's sliced, and that is how it has ripped apart. Thankfully it didn't fling onto my car, I just noticed it looked funny on one side, as it isn't ripped all the way yet.
I'm curious as to how this could happen. Is the backing plate a two piece part? It just doesn't seem like the machine would be violent enough to rip it apart like that. I was running it on speed 6, and using moderate pressure. And I had only used it for about three to four hours. I will probably try to glue it just so I have it as a last resort backup.