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I am perhaps a little late commenting on this thread/forum, however, here is my take on the appropriate action for many of us who own a 986/996.
If you are part of the class (own/lease a 2001-2005 MY 986/996) but have >130,000 miles or 10 years after first service - you are EXCLUDED from the settlement and any future reimbursement for costs of an IMS failure.
The only way you can preserve your rights to enter into litigation with Porsche in the future is to opt out of the settlement. You may object to the settlement but my view is that the chances are "slim and none" of having a positive outcome.
I am in the situation outlined above and I plan to opt out. I am happy to reconsider if others know something about this that I fail to see.
Jim Gibson
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