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Here is my two cents.
Wait for an S. Spend the extra $10,000 on a 987. I owned a 2001, bought it for $10,000, had it 2 years and spent another $10,300 on repairs, tires, and new top (plastic window cracked 4 months after I bought it). Finally traded it on an '06 S that is loaded, sport seats, bose stereo, sport mode, etc had it over a year and it hasn't cost me a dime. As a bonus you can buy extended warranties on the newer models that are reasonably priced so you don't have to worry about the ims, or anything else for that matter. And finally, the extra horses are definitely noticeable (especially in sport mode). If you are using it for a driver you want to drive it, not worry when next it would give you problems. Good luck.
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