[TheDrake]

Wow, I didn't expect this old thread of mine to resurface. Anyway, the follow-up to my situation is good. I did ship the guitar to the nearest Martin certified repair shop, Guitar Tex in San Antonio, Texas. They did a great job, took a couple of weeks and was only out the cost of shipping. The guitar looks fantastic, you can't even tell where the separation was or what was repaired. Back to my original post, the tech who did the work did tell me that he had recently seen a lot of Martin guitars with binding separation issues. I think when I originally called and told him of my problem, he said he currently had 8 Martin guitars with bindings in the shop to fix. I don't know if it is a shrinkage problem with the binding material or a defect with the glue, as Mirwa has suggested, but it did disappoint me. Anyway, the guitar is home now, good as new, and still cherished. No hard feelings.