I have a 2002 S that I picked up in January of this year. To date every time I go to fill up I have not heard any release of pressure when removing the cap. It does sound like you have a bad sending unit but make sure the chassis ground for the sending unit is good.
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2002 Boxster S Arctic Silver with black top with glass window and black leather interior. Jake Raby 3.6 SS ( the beast ) with IMS Solution. 996 GT3 front bumper , GT3 rocker covers and GT3TEK rear diffuser and Joe Toth composites rear ducktail spoiler .
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