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A lot of research in forums indicates a faulty ignition switch--it's attached to the back of where the key goes in. I've got one on order; so I'm not sure yet, but I found people with exactly the same symptoms as me and the switch was the deal.
There's a $35 part that is the genuine replacement, though some people question why you would replace a piece of crap with a piece of crap. It was so bad that Porsche no longer makes it available. Then there is the later-model $150 part which is a combination switch and steering column lock. Pelican Parts sells them both at a fair price.
Labor on the first option is 30 min. est., the other is 2-3 hours. There's a pictoral how-to on renntech.org (sorry, I plugged Pelican above...I'm just being honest about renntech...but, hey, I came back here...) to do it. Better than paying a shop their rates.
I won't have the part for a few more days, but I'll update the post when I'm done.
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