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Thanks for your help and had no idea about the caps sorry.
No sweat. That's why I let you know.
Hope you get it figured out. Let us know what you find. Like Krewat said, use a hose to find the noise. Next best thing to a mechanic's stethoscope.
I have an 01 and it sounds EXACTLY the same on a cold start. It goes away when its warmed up also. I never really sweated it all that much since the oil pressure is fine and it goes away. I am interested in what you find.
I too have a very similar sound with my 01. Has been there since I bought the truck in August. Initially worried that it was bottom end but the truck runs great. Also goes away once the truck warms up.