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Jamscal..........
as Bruce said, don't be too freaked out. I just voted with my wallet and bought an '06' after owning a '99'. If I thought that major mechanical problems were a given, I'd have gone another way.
Having said that, extended warranties can take some of the worry out of owning a car like a Boxster. I bought one for the '99' from the dealer and it ran about $1500 for an additional 4 years; we only drive 6K/ year so mileage was only 60K total on the coverage. I felt better buying it from the dealer-the policy was under written by Primus (Ford)--rather than a stand-alone insurance company given how one extended warranty company failed recently.
Not sure if you can buy one for your car now, but GEICO(?) I think offers coverage on mechanical parts as part of their automotive policies. My brother had a Chrysler tranny replaced at around 80K and it only cost him the $200 deductible.
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