Well, I was checking the fluids tonight and as soon as the trans dipstick started clearing the tube

It was coated with what looked like rust.
I went through a few puddles a couple of weeks ago, but they were about 30' long and maybe 1-2' deep. I got through them with no problems. I thought that water contaminated auto trans fluid looked pink when it had water mixed in, Yes/No?
Also, there were large metal shavings on the end of the dipstick. Is that thing magnetized?
It was a mess

It was slipping a little today; hence the fluid check. But, it's still shifting for now.
I guess I'll have to figure on a replacement. I know a local shop wants $1200 for a rebuild. That's a lot of money to put into a vehicle that probably woudln't even sell for that much.
Has anyone here ever replaced their auto trans? Anything unusual, besides the two driveshafts and the transfer case?
I've replaced an engine before, but that was a looonnnnng time ago. This may be more work than I want to tackle.