If you choose to purchase the Permatex Vinyl and Leather Repair Kit please read what is included in the package. MAKE SURE IT HAS A "HEATING TOOL" IN IT NOT A "HEAT TRANSFER TOOL". There are several renditions of this kit and you need to buy the correct one. Preferably the "Ultra Complete Repair System". Just FYI.
Thanks to Yelobird for coming up with this technique.
I used a combo of ironing, clearcoat on the areas that were cracked or chipped and mylar rings (Pin Monk) or Clifffy's carbon fiber rings depending on what was going on in that particular area.
I had no idea it was so bad and really involved every post until I started a major shop job on my IMDN Pro. Some posts I really could not appreciate the extent of the damage until I removed them.

Yes. As stated above I am now in the process of ironing/repairing all the post areas on my Iron Maiden Pro. I actually did not pull anything up when removing but each post/game is different, so assess each one and approach it accordingly. Some come right up. Some need a little massaging.