I'm thinking head gasket, but I guess I really won't know until I take her apart I s'pose. I guess that won't be TOO bad since I'm going to be digging in there anyways to change out the cam.
Well, pretty soon i'm going to be swapping the cam, so i'll have her taken down quite a bit anyways. I'll go ahead and do the headgaskets. But like you said VibrantRedGT, I'll do a compression test.