Hi Tony
As someone who has fitted the Porscheshop Induction Kit + Trueflow Air filter to my 986 2.5, I can tell you what the effects are:
Amazing ! The sound impact is better than expected. Unlike most "cheaper" induction kits, where all you seem to get is a lot of rushing air noise, with the induction kit you get more noise but its is more tonal with a screaming high end. It is as if the engine behind you has been put a lost closer to you and has been destricted. You can really hear it work and it does feel like you are driving a race engine. My whole way of driving changed - a lot more revs just to hear it wailing behind me.
As for the power increase, there is no doubt you will gain top end power. This manifests itself in that the engine seems to hold on to its power further up the revs, and seems more flowing. Its not huge, but definitely noticeable. As for then Trueflow air filter, this I think gives the power hike and works well. As for oily MAF's, well do what I did, every service as a precaution I would remove and clean. However if you ensure you never over oil the air filter (use absorbent kitchen towels on the filter) should not be a problem and I certainly never experienced it.
I never De-snorkled as I did not want debris brought into the engine bay and also I believe water can more easily come into contact with the air filter and all you get is more rushing air noise doing this. The true flow kit adds tonal sound due to the tube being a different dimension to the origininal and the removal of the resonating chamber in the original.
The installation is not too difficult - if you can change the air filter in a Boxster than you can fit this - its just removing the clamps on the original which just pulls away.
I have removed my induction kit, (& Ottele sports exhaust) as I am selling car on . If you are interested make me an offer !