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Very few people are interested in spending $40K for a car as you described
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Seems that Porsche sells an awful lot of GT3's and GT3 RS's and they are worth heaps more than the Cayman's price. If Porsche can provide over 1.7 million configurations of the Boxster (a figure given to me during my tour of the factory), a CS version of the Boxster/Cayman couldn't be too hard.
I'd suggest that it is more likely that they would be scared that it would eat into 997 sales.