Step 1: Express the general term.
We can use the known infinite product identity
\[
\frac{\sin(\pi x)}{\pi x} = \prod_{n=1}^{\infty} \left(1 - \frac{x^2}{n^2}\right).
\]
Setting \(x=1\), we get
\[
0 = \frac{\sin(\pi)}{\pi} = \prod_{n=1}^{\infty}\left(1 - \frac{1}{n^2}\right).
\]
However, the product starting from \(n=2\) (as given in the question) is
\[
\prod_{n=2}^{\infty}\left(1 - \frac{1}{n^2}\right) = \frac{1}{2}.
\]
Step 2: Conclusion.
Thus, the required limit \(S = \frac{1}{2}\).