It could be, or it might be from something above it. If it were the shaft seal on the pump, I would expect it to sling the coolant everywhere.
Anyway, if it is the pump, water pump replacement on the gen II V8 is very easy to do. It might not take you more than half an hour. A dealer will probably charge - 1 hour labor, shop supplies, water pump at markup, and maybe coolant at markup.