Wow, that's a pretty serious defect! Glad you're OK; .22 might not be all that hot, but I have no doubt that it can injure seriously if it hits you in the right place.
I was actually going to get one of these, but my local dealer talked me out of it because he had more returns on these P22s than any other firearms sold from the shop, mostly because of FTF/FTE problems. He basically said they were made out of pot metal, and I didn't entirely believe him until now, after seeing your catastrophic slide failure.
Junk gun.
They ought to just recall them all and be done with it.
Those assessments aren't exactly fair. The P22 is a very, very common gun (particularly considering how long it's been out), and very few problems have been reported. Stuff like this happens to the best guns, and you'd be hard pressed to find a pistol for ~$300 and expect perfection - though for $300 the P22 comes pretty damn close.
I've had my P22 for about two years now, and I'd figure I and my wife have put approximately 200 rounds through it per week (sometimes not at all, sometimes 500+)- for a total around, I'd guess, 17,000-23,000 rounds (wow, more than I'd thought). That is a hell of a lot of shooting for a little .22. It is indeed starting to wear on contact points, though it is still mechanically sound.
That's not half bad for a $300-and-change .22 pistol made from aluminum!
Yes, it has some FTF/FTE, but no more than
any other .22 semi-automatic I've seen - cheap .22 ammo is typically under-powered and crap. It's not a HD or CCW, so that's not such a concern - it's a range plinker. With $12/400 Remington "Game Loads" I can get through 'em all with only a handful of failures, most of which with the ammo/primers. I just avoid crap ammo (CCI Blazer comes to mind). And it still runs pretty damn well when dirty.
Glad Walther is honoring the repair/replacement on that piece.