It kind of reminds me of a parking brake cable tether - something that keeps a parking brake cable from drooping down when it's passing over a large open area. I've seen something like that somewhere, I just can't remember where...
The big question is, whatever it is, how did it get on top of your engine? Did you recently have some servicing done?
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2001 Boxster S - Speed Yellow, Black Leather, Tiptronic, Jake Raby rebuilt 3.2 with IMS Solution
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