Originally Posted by Bill Harris
It will look gritty on the magnet, but did it feel gritty twixt the fingers? Water in the tranny oil, looks like a latte' . Come from a cracked boot on the speedo cable (right side near the driveshaft boot). Replace it and always keep an eye on it. Fresh tranny oil, run it for a week or so, change it again. Annoying, but a common occurence.
More on that later...
I still have the fluid so i'm going to finger test it tonight...
Actually, Mike V. noticed that my speedo boot looked ok, but i'm missing the vented screw (the hole is completely stripped) and that is probably where the water came in. bummer. not sure if I can fix the threads - might have to wait a while... But yes, after conferring with some experts;) I'm going to do exactly what you describe - flushing with fresh fluid at an increased interval for a while till the fluid starts looking normal.