Had an issue 6+ months ago with this too and sought a cheapo Ebay sensor unit only for it be failing within days aswell.
So i cleaned out the connectors on the original and little spindle are which had some oil residue hanging out and put it back in snug and that was it till now,happy days!
Always happens under a Vtec burst and usually that 2nd to 3rd if it will.
Just feels quite easy to remove the unit from the gearbox,i noticed this the first time i was at the area too,should i be able to lift the unit out so easily?
Obviously it needs the bit of play for the engine movement.
I'm feeling it may be rising slightly a bit under high revs causing the sensor to trip out...
