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Yeah the risk of a catastrophic failure like that one turned me off on the used Cayman route - the motor is worth almost as much as the entire car - and if you have a failure, you basically have a giant paperweight - not something I'm interested in risking.
As mentioned, 2006+ is supposed to be "better", but if you head over to the planet-9 forums you can see examples of folks with the newer bearing having engine failures also.
I think for 2009+ it's a "wait and see" type of thing - not sure when folks started having the IMS bearing issue for their M96's, but it's only been 3 years for 09s. The main problem, however, with the 09+ is that there are very few of them used, and the ones that are are not in the low $30k range yet. Hopefully the 2013 Boxster/Cayman spurs folks to upgrade and we see more 2009 models in the used market - the more I hear about the BRZ and dealer allocation the more I think this is something that is only really going to be a viable purchase sometime in 2014.
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