I think that this question is a lot like the question about "fueling cost":
Most of us went into agonizingly detailed fueling cost analysis before we bought our Volts, somehow convincing ourselves that the volt had to "pay back" some exactingly defined "excess" cost.
After driving our Volt's for a while, we realize that that exercise was a waste of time. If I pull up to a friend's house in a convertible BMW or on a hog, no one asks me if it "paid back". why is this an issue for the Volt?, The Volt ended up costing me less than the cars I was comparing it to, it drives and handles just as well, perhaps lacking a bit of interior refinement and size compared to those cars, but "payback" should have had nothing to do with it.
Similarly the "battery replacement cost" issue is a red herring, (to get back to my point!):
In a BEV, potential battery replacement cost is an issue, because a 60% BEV range is a problem (remember that's "true range" not maximum range) but in an EREV, (PiP, Energi, Volt) an eventual loss of 40% of battery range, after 12 or 15 years, is not a big deal, the car just keeps going anyway, and when the car has 200,000 miles on it and is 12 years old, I'm far more likely to be willing to put an extra 10 gallons of gas into it every month than I will be to spend $2995 for a battery and $1500 for the labor to replace it....
so my bottom line is that the correct response is:
It doesn't matter- battery range degradation will NEVER matter in a volt.