Hold up...before you do anything!!!!!!!!
This has happened to me on two separate quads. The crankcase where the pieces of the piston fall into are sealed off from the rest of the engine....All you need to do it flush it out with carb cleaner or something like that. The crank fits so well into that area, there shouldn't be any reason that metal shavings or pieces fall into the area below the crankshaft. YOU DO NOT HAVE TO SPLIT THE CASES!!!!
Generally this happens to the INTAKE side of the piston, not the exhaust side. This does occur when you have too much slapping of the piston inside of the cylinder walls and will occur to every piston. This is very common, don't worry. It's an expensive fix, approx $225 if you have it done through Vito's Peroformance.
refer to this thread for my experience:
http://www.blasterforum.com/engine/1011-shredded-piston.html
Please note: I haven't had any issues with Vito's Pistons since I've installed the FORGED one.
Some people may or may not like Vito's Pistons but here is my write up about Vito's:
http://www.blasterforum.com/engine/1110-vitos-performance-products-mis-informing-information.html
Here is a breakdown of the costs:
Blaster Forged Superstock Piston kit: $139.95
Machine Shop Services to bore cylinder: $60
Shipping back and forth of your JUG and misc parts: $40 (you can save some money and send it USPS in a flat rate box)
Riding your quad around for hours and getting dirty: Priceless
Total: $239.95 +tax
I hope this helps.