Yes Model927,
The handguard doesnt "twist" as if the Delta ring were responsible. The handguard turns back and forth very loosely hitting the gas tube. This indicates that either the tabs on the front ring (at the front sight) isn't stamped out properly, or the handguard itself has notches that are too large. I believe it is the latter. I went to the Dallas gun show Saturday and checked/compared this on other Colt Rifles. Only perhaps 1 out of 5 rifles would budge a little, and perhaps 1 out of 10 or 15 would slip this badly. Though it will not cause function or accuracy problems, to me it is no different then buying an expensive SUV with a badly creeking dashboard.
Thanks guys. I am encouraged with what I hear about Colt Service from you, that I will likely have this complaint remedied by them. I can't imagine it being that difficult.