The symptoms sound very similar to a common fault whch used to afflict Rover 800s. The sensor mounting blocks were made of mazak and when they corroded they squeezed the sensors to death. The fault would be intermittent at first and this is when the symptoms similar to what you describe would appear - ie the ABS would chatter below 5mph.
I'm sure more modern cars don't have the same design failing (designed by Honda, of course), but it might be worth checking all the sensors and associated wiring for damage and continuity.. Unplug and reconnect at all points in case it's a connection issue.
As above, also check for mechanical issues, ie anything loose, including wheel nuts.
Have you tried invoking the ABS? And does this bring on the light?
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