QUOTE(underthetire @ Jun 22 2010, 06:55 AM)
Don't think its actually a code, by friends 04 is doing the same thing. My neighbor, a 30 year chevy dealer mechanic is going to look at it, but he thinks it's just a slow sensor for some cam or something like that. He has seen it before. I'll keep you posted if you want.
Might be worthwhile to put an oil pressure gauge in place of that sensor and run it a bit just to be sure you're not seeing low pressure at the valvetrain due to wear or something. Like as not it's just a bad sensor, but as was already said, with oil you want to be *sure*.