No it doesn't... according to Apple Store today
Alas I dropped my week old Air today. It was in its case, and fell about 1.5 feet - slipped out of my hand as I was putting it into my bag
(((((
£342.70 worth of damage. nice.
it mangled the top left of the lid. The screen is still perfect but they can only replace the whole unit so I get to pay for a screen in order to get a piece of metal.
Obviously this isn't covered on AppleCare, but I asked explicitly what the warranty situation would be. I was told that it was clear what was damaged, and that the screen at this moment were it to stop working wouldn't be covered under warranty but that it wouldn't affect anything else. I was also specifically told that once I've had the screen replaced it will be back good-as-new in warranty terms, i.e. that the repair will be covered for three years by my existing applecare.
Now to find out whether my insurance will cover this, darned insurance company not open saturdays!
Felt so sick when it happened. I never drop laptops, but the moment I get an aluminium one that will dent horribly, I suddenly do. :'(
Thankfully it still actually works perfectly in the meantime.
I also voiced my concern that if the screen were replaced with an inferior one with dead pixels or the lines issue that I would not be happy and they said they would replace it again if necessary, so fingers crossed that's not necessary but it's good news and service I can't complain about, unlike the 57 minute phone queue to get cut off, by which time I'd walked to the store.