No, not at all. You could try giving the reluctor rings a good spraying but they are quite well protected. The wear in the bearings could be enough to trigger the ABS warning, just make sure the proper tools are used to remove and fit the bearings. I would methodically work from front to back on the car removing every single wiring connector, cleaning it removing any corrosion and making sure there is no plug or insulation damage. The power steering pump can be exposed to water as it sits low behind the bumper, there is enough CHF in the reservoir? No strange noises or leaks from the steering rack. Track rod ends can have all sorts of strange effects on the steering - they may not be worn but could be rusty. Front struts are serviceable, no broken springs and top mount bearings not seized up?