Had that same sound appear yesterday on my 4th Gen while I was on the highway. At first I thought that my new magnaflow wasn't welded in properly, etc. It kept getting worse, and finally when I turned into my driveway, out falls the freakin exhaust heat shield. I'm worried whether I need it or not..
But in any event, it sounded like dragging a tailpipe or muffler on the road in short little bursts. I was about to go to the exhaust shop and make heads roll, but thankfully it was just the heat shield and not my entire exhaust system.