I got a new Shield about 8-9 months ago. It had three FTE's in about the first 400 rounds. Some were with aluminum Blazer, the last one with HST. These were bad jams - I couldn't just rack the slide to clear them. Couldn't drop the mag either, I had to rip it out. I can tolerate cheap practice ammo jamming, but not HST.
Sent it in to S&W, got it back three weeks later (not bad considering it was over Xmas) with a note saying they polished the chamber and replaced the extractor. Today I finally made it to the range to test it out. I fired about 300 rounds - American Eagle, UMC, Blazer, reloads, and about 20 HST. The gun performed absolutely flawlessly..... until the second to last round. I squeezed the trigger and "click".... nothing. I assumed the mag was empty. But then I noticed the slide was closed in full battery. I tried to pull the trigger again to make sure it wasn't cocked, it was not. So I waited about 20 seconds in case it was a squib. Then I racked the slide and out popped.... an empty case.
I don't understand this because there was no double feed. There was an empty case in the chamber, and a fresh round sitting in the top of the mag. In other words it's as if the round fired but the slide didn't cycle. The fired round hadn't extracted and a fresh round hadn't been stripped off the mag.
The only way I know this can happen is if I had mistakenly loaded an empty case into the mag. It was hot, I was tired, it's not impossible, but I find it hard to believe. But I guess the fact that the case extracted when I manually cycled the slide proves the extractor was properly hooked under the case rim and working fine. After I cleared the chamber the last round in the mag fired normally.
Other than this puzzle which I chalk up to user error, the gun functioned 100%. Based on the frequency of FTE's I had been seeing originally, I think S&W has fixed the problem here. I think they're aware of some marginal extractors out there. I strongly recommend that those having such problems take advantage of their great customer service and give them a chance to service your gun. They pay shipping, and the turn-around time is only 2-3 weeks.