Love the bushing problem... I used JB Weld to keep the bushing on my (new) motor in, after my stock one died a horrible death.

If it flies ok, don't worry about the color of the status LEDs. Flashing red means waiting to init gyro. Flashing green means the gyro is initalizing. Solid green means good-to-go, and solid red (durring flight) means the motor load is at its max. You'll see it when you full-throttle or fly w/ 3D I bet, but it's not meaningful -- as long as it flies.

I use the TP 3s 1320mAH battery using the acrobatic setup and get about 3-5 flights if the flight times are 2-3 minutes. I'd guesstimate between 9 and 12 minutes of air is what I get on a full charge. I started flying using the flat blades and the acro setup, and now I'm practicing in 3D mode w/ sym blades, but I haven't done any 3D maneuvers yet.