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I think many can agree that the Boxster/ Cayman platform is a better starting point than the 996/ 997, and it's really a shame that Porsche won't sell the car that we all want (a high powered 986/987). It can, however, certainly be done after the fact, though depending upon how much of that work you can do yourself vs paying a shop the price figures vary considerably. A Boxster with 911 power and the appropriate suspension is one hell of a car, and will run circles around a 996.
I do, however, yearn for a water cooled Turbo, and now that their prices have settled so low in this economy, am very interested in picking one up.
Regarding the older, air cooled 911s- are they better? I'd say that's for the owner to decide. They do feel considerably more "special." Their build quality is incredible. Pull any fastener out of a 964 and it's got anti-seize on it, for example. Are they more reliable? I think it depends how you define reliability. The air cooled cars certainly require more maintenance, but I think it's fair to say they have a far lower propensity to blow up. A properly running M96/M97 is virtually maintenance free (oil changes at 5-10k, spark plugs at 60k, maybe a water pump/ t-stat by 60k, maybe an AOS somewhere but nothing major) until it blows up, which hopefully, yours doesn't do.
In the end, like most things in life, it all boils down to personal preference.
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Boxster S
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