Boy I'd be tempted to buy that...
As for the wheel, my guess is the gear mechanism is obstructed, the gear for the telescope works, but the gear for the tilt has something stuck in one of the gear teeth.
My Dad's '04 has the same issue, only it has begun tilting but not telescoping. My Mom is in the process of trying to decide what car to keep, it or her FX35 and thats one of the things we need to sort out before she decides...