D.F.L. said:
It wears out and cannot be replaced separately. It's part of the freehub assembly, which costs about $75. When I was working in a shop, we had a lot of people on Mavic wheels. People who rode a lot needed a new one every year, plus labor. After a while, the surface that the bushing runs on (aluminum) wears out, too, so there's no way to remove the wobble. Now, if you want to service the hub frequently, you can extend the bushing life, but few people do this.
It's also a steel freehub body, which is sorta heavy and not what one might expect at the price point. They save weight by going with a plastic bushing...
Is Mavic's warranty still an extra charge?
I'm not telling anybody to dislike them, just passing along what I've found.
(I didn't think high-POE hubs were a big deal until I went back to an old wheel.)