NJT:
The noise is NOT all the time.

It comes and goes under no certain circumstances. In addition the only time you can really hear it is when you are going less then 40 mph. Everything works to my advantage at that speed to hear things, little engine noise, low tire rumble, no turbo whine/whistle. This is while slowing down of course or maintaining a constant speed, below 40 in ... fourth or fifth gear.
I know the truck has u-joints and this was suggested by another member at another site I belong to. They are not greasable and a dry joint they say will make the same noise I mentioned.
The Dealer indicates that the staining on the wheel is brake dust, not a leak yet it is greasy, like an oil and not a powder or dust. In addition the staining on the wheel is consistant w/a "fluid" type leak and again not dust. This is been going on for a couple of months, it is getting worse, real nasty in 4WD while turning. :--)
I have heard bad news about the bearings. A local friend of mine just had an entire front axle job done with under 42k. He said his noise started out the same way. He has an extended warranty ... I do not!
Subby:
I thought of that and mentioned that to the Dealer ... who again is adamant about nothing leaking or being wrong with it. I already did the texture/smell gig w/the fluid on the wheel, it is either front axle fluid or grease, something along those lines. Brake dust is dark, almost black and evenly coats everything. It is also ... dusty. The stuff on the wheel smears backwards as it oozes out of "somewhere" and dissipates in color as it reaches the outer edge of the wheel, dark as it starts out of the wheel, thins out to a golden color! It is "greasy" feeling and not dusty/gritty. I'm amazed at the Dealer for thinking I would buy such a load! :-{}
Take an oil can, squeeze a few drops/small lines of oil on the "inside" of your wheel and drive it mile or two. What you see will be what I have on my wheel ... Brake Dust, I guess so!
Any other thoughts guys?
How about where I go from here if I can't get the Dealership to "clue in" and take care of the problem. What recourse do I have if it goes on as it is and fails "after" the 3/36 warranty expires in 3500+ miles?