I have a BMW motorcycle twin boxer (R1200C) and it also smokes the same way the Boxster does at startup. It is normal, according to both dealerships I spoke to (Porsche and BMW Motorcycle), on both. Again, it has to do with oil seeping past the pistons and settling at rest due to the horizontal layout of the engine. Has this been a straight or a V configuration engine, the oil settles to the bottom and would have a chance to burn at startup.
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