You are right on the amount of money, I was meaning the difference between black market and on what CS charges.
I have the 020, so I've not had the pleasure/agony of burning one of those wires,but have done 2 Taylor probes like that. My last one I was able to salvage. I used some black/electrical tape on it. I would guess if yours still works, you might be able to use some electric shrink wrap to seal it back up. You can find that at the parts store, use a Bic lighter to shrink/seal it up.