I have a MacBook Air (1st Generation) and SMART Utility is saying its failing because of a lot of errors. Is this correct?

Based on research of MacBook Airs, this seems to be a problem with the first gen drives throwing incorrect errors. To ignore this incorrect failing message, go to the Preferences, and choose the "Algorithm" tab. Under "Only mark drives as failing if:" check the "a failed test is new from last scan".
<- What is the difference between short and long tests? How often does SMART Utility check or poll the drives? ->