Add me to the list of victims of this problem.
Last Saturday I went to stat the Ultra and the ignition switch turned and clicked like normal, but wouldn't engage the ignition circuit. Messed around with it for awhile and thought the battery might be dead (no headlight, dash display etc.), but it was ignition circuit not energizing. Messed around with the switch some more and it popped off in my hand. Got it back on and the steering was locked. Messed around with it a bit longer and was able to get the steering unlocked. After taking the switch off and reseating it several times, I was finally able to get it to engage properly and energize the ignition circuit.
Took it to the dealer (I had an appointment for a different issue), and showed them the problem. Picked up the bike yesterday afternoon and asked about the switch and was told reseated and aligned. I didn't really like that answer, but gave them the benefit of the doubt.
Rode the bike into work this morning and the remote wouldn't work, the switch on the console wouldn't work either. I turned the ignition switch on, and the non-energized ignition circuit problem reappeared (switch isn't working). Screwed around with it a bit, the switch came off. Reattached the switch and monkeyed around with it some more to get the steering unlocked. Finally got it unlocked and after a lot of messing around, got the ignition circuit to energize. Remote still doesn't work, neither does the console switch. Called the dealer and am headed up there shortly (50 miles away).
We'll see what happens.