I can't speak for the Porsche, but I've heard the same claims made about Honda's variable valve timing system--i.e. that the system requires a certain viscosity to work correctly. But that simply isn't true. It's true that the valve timing is actuated hydraulically, but the position of the cam is determined by a cam position sensor. So the sensor closes the loop, not oil pressure. It has to work that way because of the huge swings in viscosity as oil warms and cools, as AEHaas correctly points out.