I think things have been blown a wee bit out of proportion here.
i have experience with both Michelin Pilot Sports and Bridgestone Potenzas. they do not "turn to wood" in the cold. even in the teen temperatures, they will work just fine. will they grip if you rip the car around a curve like they would in the summer? no. but they are not in any sense dangerous or un-usable. for normal driving the ride is virtually the same as in warm weather.
now, when it comes to any kind of frozen precipitation, i can not over-state/exaggerate this enough: SUMMER TIRES ARE ABSOLUTELY USELESS AND VERY DANGEROUS TO DRIVE ON.
I don't think it's out of proportion. Yes they're fine on dry pavement, but if you come across a patch of ice or snow you could be in serious trouble. IMHO it is irresponsible to drive on Michelin Pilot Super Sports in freezing conditions. They're fantastic summer tires. Do not use them in winter!