In and out play usually means that the thrust bearing is worn from mileage, dirty oil, and also being run hard. When it gets bad enough the wheels can start to contact the housings causing them to wear away and the turbo will simply destroy itself in short order once the wheels touch the housing. Yes you can have a turbo repaired and they can also be upgraded to a more powerfull unit. The oil seals can also go bad causing the turbo to leak oil in the compressor housing, you will see oil in the innercooler and pipes, or in the exhaust housing, which tends to show up as oil smoke out of the tailpipe. There are some good vendors here who can help you out with your turbo needs. HTH