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I bought my car used about 8 years ago, so I'm not really familiar with pricing anymore. That said, a $1500-2000 premium for an S seems like a good deal to me.
However, I wonder if the price comparison is for cars with similar mileage and in similar condition. If the 2000 base has 60,000 miles, all service records and looks like someone loved it, it may be a better deal than a 2000 S with 120,000 miles that someone neglected.
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2000 Arctic Silver/Black, Hard Top, On Board Computer
PNP Rear Speakers, HAES 6-Channel Amp, Avic Z140BH,
Painted Bumperettes, 2004 (OEM) Top, Homelink integrated in dash with Targa switch, 997 Shifter, Carrera Gauge Cluster with silver gauge faces, heated 997 adaptive sports seats, Litronics, silver console
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