Thanks for the response. The leak itself doesn't really bother me that much and even if I had to replace the water pump I could handle that. What really freaked me out was that in preparation for driving it to the shop (last night) early this morning I look in the tank and noticed a little brown spot at the bottom. It freaked me out because this suggested something really bad. It was oil. There is also a small amount outside the tank on some of the hoses and the frame next to the tank. But what's inside is what bothers me. On another forum site I read some old posts about emulsified oil in the line causing a line to burst, and even some suggesting the system needs to be flushed, while some horror stories exist with some saying that a cylinder sleeve coming out of the lining causing oil to get into lines which ultimately led to an engine replacement.
I had my car towed this morning and when it was up on the flatbed (I drove it up instead of being pulled) and it was leaking from under the front end of the car inbetween the two front wheels (area). I'm bracing for the worse but at the least I'm fairly certain now it's not the pump. Anyone else with this experience?