2001 Suburban SHUTS DOWN while driving!

[madatchevy]

I own a 2001 Chevrolet Suburban ¾ 4x4 with about 88,000 miles on it's 8.1 L engine it. About a week ago, I was driving down the road and it just shut off! No power! No power steering, no power brakes, no engine! Thank goodness I was not on a busy highway! A day later, it happened again! Fortunately, I was, again, not a busy road. I looked up the problem on the internet and suspected that it was the crankshaft position sensor. I also found out that there is a recall for 2001 Suburbans for this very part! I took it to the dealer and when they put in my VIN number, amazingly, my truck did not qualify for a free fix! I have to PAY $450 to fix this part that is obviously a problem! This part goes bad and you can DIE! And you never know when it will start going bad! WHEN will it shut down the first time? It's like Russian Roulette! We own 3 Chevys and will NEVER buy another one! I hope it was worth the $450 they made to lose a customer for life!
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Chevrolet Suburban Recalls
Suburban ENGINE AND ENGINE COOLING Recall – ID# 48094
Recall Date
NOV 07, 2007*
Model Affected
2001 CHEVROLET SUBURBAN*
Description
ON CERTAIN PICKUP TRUCKS EQUIPPED WITH AN 8.1L*V8*ENGINE, THE CRANKSHAFT POSITION CAN OPERATE INTERMITTENTLY OR FAIL COMPLETELY. IF THE SENSOR OPERATES INTERMITTENTLY, THE SES LIGHT MAY ILLUMINATE AND THE VEHICLE MAY RUN ROUGH. THE ENGINE MAY STALL, AND IF SO, MAY RE-START IMMEDIATELY OR AFTER A COOL DOWN PERIOD.*
Consequence
IF THE SENSOR BECOMES COMPLETELY INOPERATIVE, THE ENGINE WILL QUIT RUNNING AND WILL NOT RE-START. EITHER OF THESE FAILURES CAN INCREASE THE RISK OF A CRASH.*
Remedy
DEALERS WILL REPLACE THE CRANKSHAFT POSITION SENSOR FREE OF CHARGE. THE RECALL BEGAN ON DECEMBER 18, 2007. OWNERS MAY CONTACT*CHEVROLET*AT*1-800-630-2438*AND GMC AT*1-866-996-9463.*
Potential Units Affected
11974*
Notes
GENERAL MOTORS CORP. 06083