I have a 2003 AWM 1.8T. I drove over to the fiancés house tonight and it has developed a huge oil leak, essentially running out in a steady stream while the car idles. I don't have any tools here but I located the line that's leaking. From a quick look, it runs down from the front passenger...

My "poly v belts" were found to be dry rotted after 4 years and 65k mi? Anyone else have this problem?