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Have you seen this post on Guzzitech outlining a possible oil pressure sensor replacement? Not a CARC specialist so don't know if this applies to your situation.
I sent a email to the shop Mac told the forum about the oil pressure switch and ask if the one they had will fit the 2v 1200 sport, keeping my fingers crossed they have the right one, so far the one's I've ordered here in the US are the retro fit and won't work on the 08 2v 1200 sport. The one in my bike now was the last one MG had and they told me they could not get anymore.
I went to that web site and they have the blade type switch that won't work on my 2v 1200, I need the nail head type which has been discontinued.
I have a 2008 1200 sport 2v motor, if you can make the one guzzi say's will work on the 08 please let me know how you did it, the clearance for the blade type just ain't there, I could be wrong and hope I am but if you make it work let us know how. Mac what model are you talking about? Bruce
Ran across this today.sizes are the same, different connector, don't know if the pressure indicator is the same or not.Duralast looks to the same connectorPart Number: PS486 Alternate Part Number: OP25891http://www.thisoldtractor.com/moto_guzzi_loopframe_oil_pressure_sending_unit_cross_references.html