ANOTHER leaking waterpump @ 30K! PICS>>

[auxmike]

So I open my hood after a 20mi. trip home from work to look things over, and I see a strip of pink spatter under the hood! I knew right away what this meant and grabbed my digicam and stuffed it deep into the engine bay to help me see what's up in there. Below are what the camera saw....
So, it obviously need to be replaced. My optoins are as follows;
Go through major hassel and risk of letting the stealership fix it under warr. hoping they don't mess up something else or scratch up the car...
OR
Buy the freakin' part and DIY it. I DO want to replace the belt, it's getting a little tired looking. I already have an OEM belt in my parts stash.
Has anyone done this job here? Does it require dropping the engine or loosening mounts to get to the pump?
I'm really ticked off that this happens to my first new car after driving old Saturns for years now. I'm used to getting 90-100k out of waterpumps. I also bought a Toyota thinking it's the BEST built car out there. What happend to them?