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just a question here: i know that the oil cooler in the boxster is an oil to water type. has anyone ever seen a failure of the oil cooler that caused water to appear in the oil supply?
GhengisEEK: did the car lose power before you shut it down? have you drained the oil to look for signs of metal shavings?
if you DO have a blown motor, you can pick up a used 2.7L for around $4000 - $5000 if you look around enough. the labor quote those guys gave you is obscene. it only takes about a day to swap motors in the box; you should be able to find someone who will do the install for under 2K. if it's a head gasket, the labor is a pain in the a$$ but i believe it can be repaired without removing the motor (it requires a good bit of knowledge and some special tools, so don't take it to joe blow).
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