Not to hijack your thread, but my 05 Express van with the 4.8 sounds similar to your situation. Bought it used with 110k on it. One day it slowly started losing oil pressure, until it went to 0 psi. Took it to a mechanic who dropped the oil pan. Found a load of sludge in it.
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He then pulled the front cover and oil pump.
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Looked like the oil was never changed. Cleaned everything up, changed the pick up O ring and installed a HV Melling oil pump. I also occassionally had to add coolant to the overflow bottle, as it would slowly lose coolant. I think one or both of the 862 heads have a crack. I read the 862 heads, like the 706 heads are prone to cracks. Not as common as the 706 heads, but they can crack. I added some of those GM tabs to the coolant almost 2 years ago and haven't had to add coolant since. My oil pressure is again down to 0 while idling--literally 0. My check gauges light comes on. Oil pressure comes up enough while revving it, but 0 at idle. Changed the oil pressure sender twice with OEM GM units, so it isn't that. I think that sludge has broken loose and are probably blocking oil passages or even the pick up screen. Weird thing is the motor doesn't knock, tick or make any other strange noises. I just thought it was strange that we're having similar issues and they're both 05 motors. Just wanted to share my experience.