Yes same problem but I have fixed mine!
If you want to know the whole story read on or if you just want the fix skip to the last paragraph.
For those who have dismantled their saw you will know how the chain brake mechanism works. For those who haven't, and you don't need to (see FIX below) - the brake band is fixed at the lower end, goes around the brake drum and is pushed upward and hence tightened around the drum by a coil spring hidden in the chassis. This top end is also connected to a two piece mechanism which pushes back and down (due to the brake band casing being at an angle) when the brake is in the off position. The force required to do this is quite considerable and the distance between the two ends i.e. the brake band housing and the spire pin at the other end turns out to be very critical and as both these points are part of the PLASTIC chassis it is not that supprising that with a large force applied over time with heat and vibration there is some "creep" in the plastic and the two points move apart! I have spoken to a friend of mine who is a plastics injection moulding expert and he confirms that is exactly what you would expect to happen. The fix therefore (see below) is to return, using a shim, the distance to the correct value (it doesnt need much).
Just a word to any RYOBI ENGINEERS who may be reading this - you are either very inept to not see this one coming OR very clever in designing a machine that is almost certain to become inoperative after 2 -3 years (assuming that was your marketing brief)! Either way SHAME ON YOU!
THE FIX. If you put the brake ON i.e. handle forward and look from behind (handle end) you can see the top of the brake band where it emerges from its housing (part ot the chassis) and joins to the linkage. Cut a piece of metal or stiff plastic about 3 or 4 cm long, the width of the brake band (approx 1cm) and about 1mm thick (I used a bit of old hacksaw blade with the teeth ground off - 0.8 mm thick) and push it down between the brake band and the housing. A small bend at the top will make sure it doesn't slip right down although I have found it rides up rather than down, but only when the brake is on which it normally isn't. It doesn't seem like much but the effect was dramatic.
Hope this works for you.
P.S. to anyone with one of these - WHEN NOT IN USE LEAVE THE CHAIN BRAKE ON as this reduces the pressure on the chassis and may reduse the rate of deformation!
Geoff
April 2010