Yeah that's rather unfortunate, as high capacity SSDs aren't cheap (next time, consult nerds first!) But there's still a good chance you could get it to work with proper drivers, firmware and/or settings. If not, then perhaps you can get it replaced through warranty.
I'd probably just replace it with a higher quality one so as not to worry about it as much. The main problem is having to deal with the file transfers and the OS installation again...
You can do a windows image backup onto an external drive, and then restore it to the new disk using the windows install CD (and do repair computer -> restore from backup).
Just google how to do it, since it varies slightly between windows 7, 8 and 8.1. It's really easy though, and everyone should be doing this kind of backup to save themselves the headaches of reformatting.
I prefer backing up documents separately (separate disk/computer, or online backup) and reinstall the OS cleanly from its disc instead of doing it via image. It does take a bit longer, but with modern operating systems like Win 7 or 8, and on a system with an SSD, it doesn't matter much. You tend to get better reliability thanks to Microsoft revising their patches as time goes on. For example, the patching sequence is different if I were to patch Windows 7 from RTM to today over the period of these several years, compared to installing Windows 7 right now and patching it with what's available.
On the topic of moving to another SSD: Some SSDs (IIRC Intel does) come with migration software which makes it easy to transfer your system to the new SSD. Of course there are also third party tools that let you do this. I haven't bothered with it much, though.
Also I'm amused at how you're saying you can just get another SSD like it's no big deal. Someone must be loaded! *_*