I asked this very question in the linked thread two and half years ago before buying mine.
http://www.z4-forum.com/forum/viewtopic.php?f=3&t=78250&p=1152263&hilit=eps#p1152263
The advice I got was it really isn't all that common and fast forward two and bit years there's now a simple tweak of the motor's position that seems to cure most occurrences. I didn't let it stop me buying and that would be my advice to you.
In my case I later discovered that my 05 plate had its column and ecu etc all replaced under warranty when the car had been on the road a year or so. However I don't know if that was for sticky steering or a complete failure. The part numbers etc on my replaced stuff means I have post face lift parts now but post face lift cars aren't immune to sticky steering either (sorry Marlon!). There do seem to be much less face lift cars affected, but I don't know if this is down to relative age/mileage or revised parts. Hopefully its the later.
Its worth noting the groaning from the steering described in a previous reply isn't related to the sticky steering issue. That's due to the rack itself (rather than the column with sticky steering) needing regreasing under the rack bellows etc, dead easy job at any garage or even at home.
In addition to these faults some folks have had a complete EPS column failure where the diagnostic equipment won't even communicate with EPS ECU. The likes of BBA Reman and ECU Testing have been able to fix these for circa £700. I've also seen some reports where they claim its just the column electric motor that failed which is an easy replacement and available secondhand on Ebay.
Others have had a wayward steering angle sensor on the column, usually these can be resoldered in place.
1) All in all sticky steering seems to be pretty rare and like has been said a lot will have been fixed one way or the other by now. It not hopefully the cheap and easy motor position tweak is all you need.
2) the groaning is also pretty rare and easily/cheaply fixed.
3) Total failure does seem very rare indeed and some have at this point opted to converted to hydraulic (same setup as an Z4M) instead of fixing the electric system.
4) EPS Motor and Steering Angle Sensor failure are extremely rare as well and both can be cheaply fixed/replaced.
Go on, get out and buy one, you know you want to!
