I've stopped buying Colts also, since they cost a lot, and don't work right and/or are poorly finished, even with the top of the line Guns like the Python and Gold Cup I have, both from their (snicker) "Custom Shop." I've sent my Python back three times, spent ~$300 to fix the Gold Cup (not improve function, mind you) b/c I didn't trust Colt to do it right, and sent a broken DS-II in, only to get it sent back badly out of time.
I only owned one good one, and let myself get nailed three more times, hoping the last was just a fluke.
Smart guns and safety you say? Does not working right count as Safe Gun technology?
As to the sellout rumours, consider that Colts Yearly production is around what Ruger and S&W make in a week, and you can see how their being killed by other manufacturers who make better guns for less. They could only benefit from a government contract, esp. since the marketing costs are unecessary then. If they can use this to get an edge over the other two, so much the better for them. Sam Colt made a fortune during the Civil War making revolvers then charging the government double what they'd sell for on the civilian market. Remington made a better gun and charged half as much, which was what changed the prices he charged.