[Overdrive]

Sorry to hear about this. I believe it took them all the way up to 2009 to get away from the design that still had the potential for IMS failures, but don't quote me on that. Someone else may know better and chime in with a correction.

Should you end up with another Boxster, if you ever end up hearing weird noises from the engine again, don't try to restart it after you pull over and shut down...just get it towed.

If you're not strongly attached to that particular car, or if it depends more on what your budget and desires are, if you decide to cut your losses then it may be worthwhile to see if someone is looking for a car to drop an engine in or part it out and recoup as much as you can that way.