I recently bought a 2012 Santa Cruz Superlight 29, and there is some play in the rear wheel. The hub is an FH-M975 (XTR). With the wheel off, you can tell there's some play, but I guess there is supposed to be a little to begin with, and tightening the quick-release should remove the play. Even with a very tight quick-release, there is still noticeable play.
So, I decided to overhaul the hub following the instructions in Zinn. The overhaul went well, but the only way to get the play out is to really crank down the cone so there is no perceivable play in the axle. Zinn is clear, and other advice says the same, to make sure there is some play in the axle, then the quick-release will tighten it up. That said, I have it pretty tight now, and there is only just barely perceivable play in the wheel, and it spins just fine as far as I can tell.
Is there anything wrong here? Could something else be causing this problem? Should I just crank it down a little more until there is no play in the wheel?