Yes Joe, the PSD does route crankcase vapors into the intercooler... The breather is located on the driver's side valve cover, and is plumbed right into the intake system BEFORE the turbo. I've pulled intercoolers out of these trucks and dumped oil out of them... It's hideous. The solution? Flip the breather assembly around 180° so the hose connection is pointing backwards. Route a 3/4" silicone hose under the truck, and there's your brand new draft tube! Use a plug to seal the intake system so no debris gets into the turbo.
Oily vapors in the intake air causes a lot of problems... For one, it eats away the seals between the intake manifolds and the heads. Plus, it actually hurts the efficiency of the engine because it raises the intake temperature. This applies mostly to non-intercooled models.
Now the PSD (6L) has EGR. Combine EGR with crankcase vapors in the intake and you get one big, sticky MESS. Yuck. What's Ford thinking??? The T444E in ALL other applications does not have the breather in the intake...