After reading djsilver's and fmzip's posts under "Convertible top electrical troubleshooting tools", I suspected it is a storage compartment cover motor hall sensor (S700). It is. You can see the sensor I found, sitting next to the one in the car.
Not sure why I have an extra one. Apparently, they don't go bad. If anyone needs one, PM me and I'll send it to you.
“The test of the machine is the satisfaction it gives you. There isn't any other test. If the machine produces tranquility it's right. If it disturbs you it's wrong until either the machine or your mind is changed.”
Originally Posted by Mike Miller
I just don't know what I'd do with 560 hp that doesn't involve getting arrested.