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Scott ForrestBut it was aimed at the extent of the alteration, as you have so well described in your response. I don't think it should have been slabbed.
If PSA (or any other grading company) is going to do this sort of thing, they should provide full disclosure as you said - one way would be to have the details available on their web-site: you just key in the item # for slabbed, altered cards and the detail pops up on a screen. In fact, they could have such information available for all cards with qualifiers.
But I disagree with Leon that it should be evaluated ona case by case basis - too much room for favoritism.