First off, thanks to all who replied. I have read dozens of UOAs here and at tdiclub.com regarding 505.01 and can find nothing superior about it.(except for the high price).
Quest: Castrol TXT which is sold by my local dealership ($7.25/qt) seems to be an "ok" oil. Nothing spectacular. Because of Castrol's playing fast and loose with their "synthetic" terminology, I have instead used Motul Technosynthese. The real problem is that these are GIII oils being sold at/above the price of true synthetics. If I wanted a "pseudo synthetic" GIII oil, I could simply buy Rotella 5W-40 for 1/2 the price and probably have excellent UOAs nonetheless. Regarding superior A/W or sludge-fighting, as Too Slick mentions, any CH/CI+ synthetic would probably be superior and actually worth the price. Heck, I bet even Delo 400 dino would post better UOAs.
1999nick: I did my homework before purchasing, and was well aware of the PD engine's injector system. Still, I can't find any superior EP/AW additives in the recommended oils.
DR Racing: No warning from the dealer, but did know about 505.01 nonsense from a TDI owner. Didn't know that there would be such limited choices, though.
Too Slick: I've seen your posts here regarding 505.01, and am in complete agreement. Total nonsense. Additionally, I think your criticism of some of the members at tdiclub.com is well founded. Interesting that that VWoA recommends oils which cannot legally be called synthetics in Europe.
42706 and moribundman: I agree that the sludging issue is probably why VW is streamlining their oil requirements. Some TDI owners are already using the 506.00 spec oil.
Again, thanks to all who have responded.
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"Mandrake. Quick, get over here. The Redcoats are coming!"