X axis means the clip holding the carriage to the belt is broken/missing. XY diagonal means one of the motors is jammed due to a belt alignment issue.
Either way, you probably have to send the printer back to Makerbot. Call tech support. (Don't email.)
Injection molding is very expensive up front, and the use of PC-ABS parts is an excellent design decision. And the parts probably do cost about $800 per unit at this scale. Then you factor engineering, patents, marketing, HR costs, legal costs, and everything else a business has to spend money on, and the cost is MODERATELY excessive, not insanely high like you seem to think. The same printer would probably be $1600-1800 from a Chinese knock-off company or $1000-1200 if you built it yourself. Which you're welcome to do. Nobody's stopping you. That's probably a better idea than voiding your warranty to give yourself a way to fix one of several different failure modes, since you now may not be able to receive the upgraded model for free.