Thanks for all the great advice guys.
I guess I just didn't want to replace the water pump. Being a novice garage tech, I was just a bit intimidated by the belt replacement.
I never knew our OEM water pump with its plastic blade degrade over time and sends bits and pieces flying into the engine. I'll be looking to order a metal fan pump now though.
Does this look like the correct one I should order (
http://www.pelicanparts.com/cgi-bin/smart/more_info.cgi?pn=996-106-011-55-M59&catalog_description=Water%20Pump%20%28requires%20o ne%20996-106-340-54-M30%20gasket%29%2C%20Boxster%2FBoxster%20S%20%2819 97-04%29%2C%20Each ) ?
Oh, and by BrandX coolant, I didnt mean cheapest flavor of the week at Kragen. I just didn't do enough research yet to know whats the best brand to use.