At Vegas this last weekend (hot), the red oil/temp light on my '01 R6 turned on halfway through my first practice lap. I rode gingerly back into the pits, and by the time I made it back to my pit the light was off. Temp was reading 170-180 F, so I assumed it was an oil problem. Is this light for oil level, pressure or both? Anyways, once in my pit with the light now off, I leaned the bike over to the left and the right, light stayed off, so I went back out to finish the session. After the session I checked the oil, halfway between the dipstick marks (why can't an R6 have a sightglass) >:(. Had no issues in the second session (bike still pretty warm). In my first race on the sighting lap, the light turned on again and stayed on through gridding. It was off by the time I had a chance to look once the race was underway. This happened in a couple more races this weekend as well.
Are there any common known problems on R6s that cause this, such as a sender or oil pump bypass that are prone to intermittet failure? ???