Here is a picture from the Ford manual.
Look at the drip running down the bellhousing. That seems like what mine is doing.
I am not sure if i should:
A) Replace the seal, and gasket between the pump and transmission.
B) Buy a front pump off EBay.
C) Replace the whole transmission.
The transmission does have a couple other problems. The valve body buzzes, although it may have stopped since I changed the fluid.
It shudders occasionally, even with new fluid. I did NOT use MerconV.
It seems to slip when it's cold.
Funny thing, right after I change the oil filter adapter gasket and stopped that leak is when this one started to get bad.