Variocam Failures MY 03

[mbvan1]

I purchased a 03 "S" with 14,000 miles. Tracked the car twice, CEL lit up and car started to miss.
Brought to Mechanic and codes indicated misfires and cam crankshaft misalign. Turns out it was a failure of the left bank Variocam. Chaim and sprocket chewed up.
Off warranty, buying exchange thru Porsche.
Has any one else experienced this failure?

Thanks
Bill CT.