Been down this road a couple months ago
First the serpentine belt went, cuz it was rubbing on the side of the water pump pulley....
I changed out the belt and the tensioner....
Then a couple of days later, the pump started leaking, just when I was ready to go on a trip....
So I removed the pressure cap, and completed my trip OK....
My advice would be this: /ubbthreads/images/graemlins/rolleyes.gif
Loosen the belt tensioner, so you can jiggle the water pump pulley to see how bad it is....Especially if you notice that the belt is running to the front of the water pump pulley...
The other thing you could listen for is the scrapping noise the water pump impellers make when the engine is idling...as the pulley drops to the front, it causes the impeller to run out of true, scrapping the housing....making a god awful noise...from in front of the radiator..[grill]....
You probably should change out the belt, the tensioner, the water pump, and the upper radiator hose /ubbthreads/images/graemlins/depressed.gif
Do it at your leisure /ubbthreads/images/graemlins/vomit.gif