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When the ABS light comes on the ABS module quits functioning...which means that it's off. The brake problem you mention, I suspect is unrelated and may be the master cylinder as you said earlier. In regards to the ABS module, I just had Victor Rocha repair mine...got it back yesterday and it was very easy to reinstall it myself. The light is off and ABS works perfectly again. Total cost to me was $140 plus shipping it to him. The $140 included his shipping back to me. I highly recommend him to get rid of at least one of your problems.
Regards,
MIJ
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1998 S70 T5 Emarald Green Metallic, 2004 V70 2.5T Ruby Red, Previous Owner of Black '94 850 Turbo Wagon
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