blane. im very sure. every rotor ive ever seen, from any company, has play. if you dont belive me, check it on every car you have. i can assure you that every one will have some play on the rotor. they are made that way. deep is right too. new lugs are some cheap peace of mind
:edit:
while we are here on the brake subject, when you turn rotors or drums, this even applies to clutches; or, you replace with brand new items, let us not forget that you must remove the "glaze" from them with small, circular strokes with sandpaper. i prefer 180 grit.
it greatly improves the life of the item, and keeps away unwanted clutch chatter