The S4 is back under the knife. Finally I'm getting my Power Slot Cryo Slotted Rotors and the Akebono Ceramic brake pads all installed at I.P.M. Auto Services. Also my right rear bearing decides it was going into retirement so that is getting replaced. I just had the rear driver side replace 2 months ago, go figures. Rear Swaybar link are pretty shot so those are going to be replaced as well. And lately the bots that adjust the camber are likely going to need to be replaced. I can't remember the technical name of them but my right rear tire was maxed out and my last alignment Firestone could not get it perfectly in spec.

Image from Audizine member: infinkc
Red 2.0t Coils on B5 Audi S4
As for Coilpack conversion this has been something I've been following for a little while. As we all know the B5 S4 does not have the greatest record when it comes to our expensive Coils and ICM. I have been through 6 coil at this point. The great thing for this conversion is for one, you eliminate your ICM's. Keep in mind that if once of your ICM goes bad you are going to be misfiring on 3 cylinders as each ICM controls half the block. The 2.0t coils have them build into either coil, which cost $15-$25 each compared to the stock coils of $50-100 each.
Also, the 2.0t coil have a easy twist on/off feature which makes replacing them extremely easy and insanely fast. And lastly they offer a much improved spark. Some Audizine users have said they have gapped their plugs up to .044" to experience a butter smooth idle and power delivery. No results on if this improves MPG but I have a feeling it likely will help maybe 1-2 mpg. To learn more about this conversion feel free to check out
http://www.audizine.com/forum/showthread.php/452609-Teaser-2-0T-Coil-packs.
I just learned that
034motorsport.com offer the complete kit, but it's a pretty big investment. I might be interested in getting the wiring from them but I'm still pricing around for the coils and checking if a local machine shop could make the brackets if I can find the specs.