Couple things I commonly see. Ensure there's not crud built up on top of the knock sensor in the coolant passage. Often enough if you pull a knock sensor, you won't have any coolant come out. That's because there's a layer on top of it. This may effect the sensitivity of the sensor.
Shoot 2003 SSEi a pm. He's right in your area. So far he hasn't blown an engine, only transmissions. For the record...he killed my first one.