She's on her way out, that's for sure.
I've been through 3 of them with my TR, and they all do that same thing. They get louder and louder, then they quit working.
The next time mine goes (which is probably any day now) I'm going to put the stock pump from a Toyota Supra in the car. The Supra pumps are more powerful than the Walbro, quiet, and have OE reliability. They are a little more expensive than the Walbro (the lowest I've seen the Supra pump is $155) but this would make Walbro number FOUR on my car in the last 3 years. Walbro won't warranty them without some fee to tear the pump down and inspect it, so I'm not going to use them anymore.
Good luck, let us know what pump you go with and how it works out for you.