Is broke, and I need a new one, right?

[cmspaz]

So, I've got a problem. My turbo's making this "wonderful" noise. It sounds like tranny whine, aka much lower pitched than the usual turbo whine, and the volume is directly related to how far the turbo is spooled.

Now, as far as assumed related problems... Well, I can't spool the turbo anymore without spewing tons of oil smoke out of the tailpipe. I haven't taken apart anything yet, but I believe the turbo is the problem and needs replacement.

Now, as for the good, with the whole oil burning issue, I decided to take the plugs out to check them, and as long as they were out, do that compression test I'd never done on the car. Well, I think this: 199, 195, 194, 196 speaks for itself.

And for the ugly? Well, what do you guys think? New turbo, or worse?