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I spoke to the local Porsche Dealer here when I bought mine and asked the same question. I was told, since 1977 to date 2009, they have had only 1 Boxster with an engine gone bad. As for replacing it...don't worry about it, you spend more money than necessary.
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Old Hippie Young Heart
2000 S/3.2 Liter/Tiptronic/Boxster S Sport Package/Cruise Control/Slate Grey Metallic
Red Special Leather Interior/Red Floor Mats/Red Hand Painted Instrument Dials/Roll Bar/Windstop
Small Carbon Package/Leather Wrap Carbon Wheel/Center Console Exterior Color/Alum Carbon Shift Knob
AM/FM Radio w/CD Player & Changer/Digital Sound Package/18" Turbo Wheels/Wheel Caps w/Colored Crest
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