I'm in complete agreement here! It's not good form for the issue to be there at all, but it's not specifically causing me any problems and I don't consider it worth sending back an otherwise superb machine.
I don't ever see the login screen because I auto-login. I'm the only person that goes near the machine. I used to see the pink squares from time to time but they would always go away after a while. It worried me because I thought I might have a hardware issue.
A few weeks back I plugged in an additional 24" 1080p screen via USB-C to DP cable. Not because of this issue specifically, I was doing a lot of coding and I needed the second screen. So that meant I had 1x 1440p screen via HDMI and 1x 1080p screen over USB-C. I also set the "Desktops have separate spaces" setting to on (or enabled) . I don't recall seeing this issue since these two things and I stopped worrying about it.
But then being a 1st generation product I don't anticipate keeping it for much longer than a year, 2 at the most. If people are really concerned they should send their machines back (assuming they still have the option), otherwise, and assuming the squares go away after a while I'd personally log the issue with Apple so there is a record of it and then move on.