I had an '02 for 2 years and I've had my '03 for 7 mo. and neither truck has ever had the water in fuel light come on.
When I first bought the '02 I drained water from the fuel filter pretty often. But I didn't think I was getting hardly any water out of it, so I stopped worrying about it. I would just completely drain the filter housing when I did a fuel filter change every 7500 miles. I would always drain the housing before I opened it, and if nothing would come out when I opened the valve I would just turn the key to the wait to start position, while the drain valve was open, and the LP would do its short prime ( NOT a key bump for the 25 second LP run ) and that would get water/fuel flowing from the valve. I would wait for the housing to be empty and change the filter.
Sorry if that was a little long. Just tellin' you what I did if the drain vlave wouldn't flow anything.
Jeff