i have a video on my phone if i could figure out how to post it i would

when i lift the drive top to bottom, there is a TON of play in the upper pin

hope this works !
http://www.youtube.com/watch?v=TLttiom54xs

WOW. That looks pretty bed. Looks like you might have some interior problems too. The "inner" pin/bolt should not move that much. The lower hex nut normaly goes bad and corrodes, but it looks like the whole thing is loose. I do agree with the replacement.

I would say for sure upper bushing is gone and that the housing all wallowed out. 2nd on the new complete transom!

When I took the Tres course he went over my Cig and that was one thing he did was lift on the drives. Mine were not NEAR that bad and he said replace NOW>

That is not play that is lucky to be allive!!!