Yeah, it's correct -checked, doublechecked, and even triple checked after I got the motor running again.
I get the feeling that perhaps the water that entered the intake fouled another sensor... the only problem with that theory is that I'm not getting any trouble codes.
Since my last posting I've started on a leak-down test of the cylinders. The short-term tests are good so far... I even went as far as installing the old ECM (I'm using an AEM 1040) just to see if that made any difference... it didn't.