Interesting problem with our new (152,000 miles) Contour SE 2.0 Zetec. While driving about the battery lamp remains illuminated most of the time, but every once in a while the battery lamp goes out, only to go back on a short time later. The battery remains charged and a quick check with a digital VOM indicates about 14.8 volts while running (and battery lamp illuminated) and about 12.8 volts while the engine is turned off. According to the previous owner, the battery light has been doing this for about the last 4 years. The battery is a 2 year old Motorcraft battery and accepts and holds a charge nicely. I did read the post about the "red" wire jumper fix, but I'm not convinced that would really fix the issue as much as mask the issue.
Any suggestions, help, and/or advice would be appreciated.