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I've had a slight amount of freeplay in my steering wheel since day 1 of owning the car. I was never able to find play in tie rods, ***** joints, etc. I happen to have the headers off and found that if I wiggle the steering shaft I could feel the movement but more importantly I could SEE it in the rag joint. It looks like where the 2 bolts go through the 'rag' has become wallowed out.
It looks fairly simple to replace. Just 2 bolts if I'm not mistaken. But, I can't seem to source a replacement locally. Is this part available, or is the solution to replace the whole shaft?
It's not that bad to replace, really. Hardest part was finding one; ebay ended up being the only place for me. Apparently they don't make them anymore, so NOS ones are incredibly expensive. Search ebay for used.
I noticed this on my car, too, last year. I replaced the whole intermediate steering shaft. Corvette Central is the only Corvette parts house I found that sells them. $150 or so.