We consume a lot of Pace Picante Sauce in our household. Great big jars like this one. We go one of these every two weeks. (Black beans and rice is our meat and potatoes.)
We were really glad when the company switched from #7/"Other" plastic to #1/PETE. I am interpreting the move as a sign that Campbell sees the writing on the wall -- pretty soon they will have to take back these bottles, and maybe even give me a cash refund.
Since they're coming back, Campbell probably thought, might as well make them with recyclable plastic that we can make some money on.
But for goodness' sake, look at that neck ring! Not only does it get picante sauce stuck in it (see it there?) -- it is also made of HDPE.
Let's see what they can come up with in Version 3.