Yes, the grease in the assembly has finally dissolved those nylon bits GM used.
Right now your headlight still goes up and down. Soon it will start going up sometimes, and sometimes not. Then it will just stop raising, period.
Doing the repair yourself isn't difficult; I've done it twice, once on a '93 and once on a '98. Buy the repair kit and set yourself a couple of hours of workbench time.
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