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I've been quoted $1800 parts and labour + hst from a highly respected shop in Kitchener-Waterloo, Ontario. Based on what your guy is saying - I would look around for another shop. Fearmongering is no way to run a business.
Oh, and the IMS is not dreaded. Remember - the odds are that nothing will ever go wrong with the it. Only affects MAYBE 5%. That being said, I still think its a worth while preventive maintenance thing to do.
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2011 Boxster 987.2 Arctic silver / Black leather, PDK with Sports Chrono Package Plus
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