I'm probably stepping on toes here, since I'm no longer directly associated with this airplane. However, Jason is taking a much deserved break this weekend and I've been getting several e-mails and phone calls asking about this since there has only been rumor about what happened and no real facts, so I felt it was only proper to stop the rumors and tell everyone what went down.
I can't get into much detail (since the Squadron is still working on a solution to this problem), but yes, the freshly installed, just out of warranty #3 engine is full of metal shavings.

It ran up just fine and all was good, until take off on it's first flight since installation. As soon as the gear was raised, they got a chip light on the power section of #3. They immediately came around and landed the aircraft. Jason checked the chip detectors, hoping to only find a piece of "fuzz," which is typical for a new engine, but unfortunately, chunks of metal were in them. Further investigation of the oil screen showed substantial metal shavings packed between each layer of screen, which had also circulated throughout the engine. It's junk.
It is too early to tell just what had failed inside, and it's too early to say what the Squadron is going to do to resolve this issue. However, I can tell you that it is being addressed and they'll give y'all details of the plans for the airplane upon coming up with a solution.
Gary