Thanks for all the good replies.. Havent had a chance to order a new belt yet, so my friend and i improvised by giving the belt a twist to tighten it up a little bit, and we put some surf wax on there too. Its been workin fine, but that new belt is definitely on my shopping list.

I hope I dont have any audiophiles cringing or turning in their graves
The guys at TnT audio would probably be proud.. : )