Hi Jon, another option/possibility is that one of the capacitors in the crossover has leaked and started eating away at the board...I have a pair of Kef 103.2's and it happened to one speaker maybe 2 years ago...took it to a speaker tech and he repaired the board and replaced a few caps. Now, it's happened in the other speaker. I should have just done a complete re-cap 2 years ago, but I was being cheap at the time. I plan on doing a complete re-cap soon. There is a thread on here listing which caps/parts to buy...I think the total was around $50 to do both speakers.
The "symptoms" my speakers had/have are the same as what you describe...sort of a buzz/distortion...as if something is wrong with the woofer/driver...but at least with mine, the problem is solely in the crossover. Unfortunately that means the speakers will be down for awhile, while you do the re-cap...but it's a fairly cheap/easy fix if you can solder...if not, find a reliable tech...still shouldn't be that costly, maybe $100?
Don't lose hope, these speakers are worth repairing! How much would it cost to buy a new speaker that sounds as good? Definitely more than $100! (IMO, it would cost more like $1,000!)