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More info here, including a first-hand explanation by the pilot:
http://sonexbuilders.net/viewtopic.php?f=18&p=18126

Ouch!!

i've never flown a retractable, but why us it that that one little switch causes so many problems?

My Garmin 696 alerts me of "Five Hundred" at every landing.
If I had a retractible I'd...

Introduce yourself on www.SportPilotTalk.com
There are many members there that might know about LSA availability.

Holladay Aviation in Jacksonville Florida, at KGAI has a really nice CubCrafters...

Welcome to the LSA world. It's a great niche of aviation!
Take your time with transition training.
Most LSA incidents occur with experienced pilots transitioning to that "simple little plane"....