The new warranty accomplishes two purposes:
1. People think it's "more" because all they see is the "3 years/50,000" in place of the "2 years/24,000." They don't think about the "powertrain" part of it.
2. It saves VW money because powertrain failures are FAR more expensive than silly little window switches, etc. They've basically given you an extra year of meaningless, feel-good "warranty" in exchange for 7 year/50,000 miles LESS warranty on the really expensive stuff.
That's why the marketing guys get paid the big bucks. The old warranty was much better, but that's not how the customers will see it...until something big goes haywire at 65,000!
The new warranty is also more in line with the way Americans buy cars. Few people keep them for anywhere near 10 years/100K. And since most people lease new cars these days, the new warranty is more in line with the most common lease terms.
In short: It's good for VW, and it SEEMS "good" to the average customer who doesn't plan to keep the car very long, or who doesn't really think about the long term.
-mickey
p.s. The timing belt is only under "warranty" for the recommended change interval of the belt, under the old warranty. Now, I would imagine the warranty on the timing belt expires along with the rest of the car's warranty. You'd better HOPE it lasts 80K because if it pops at 51K you're SCREWED! Yet another way VW wins in this scenario. Some "improvement."