Hey topless, was out cruising the forums and came across another thread (rear bearing questions) where you mentioned putting the car on jack stands and lots of strange noises and vibrations coming from the rear.
Not trying to be a pest, just trying to keep you from doing something bad to your car which in this case can happen rather easily... here is a snippet of what I wrote under the other thread...
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The rear of our cars are designed to run with the wheels on the ground to horizontally align the differential with the rear wheel bearings. (This kinda keeps everthing in a straight line as viewed from the rear of the car... does this make sense?)
You can do real damage if you operate the car with the rear wheels hanging. This puts a ton of stress on the differential, side yokes, u-joints, wheel bearings and spindles. All the manuals recommend against this.
Should you want to run the car with the wheels off the ground, at a minimum you should put jack stands under the trailing arms so that the drivetrain remains horizontal as would be if the wheels were on the ground. (But I wouldn't recommend this unless absolutly necessary.)
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Now, for your front end wobble, you might try jacking up the front end and taking a peak at the underneath suspension parts. Sure does sound [and smell] like a bushing got toasted.
If you think it might be an engine mount, try booking down the road and put the car in neutral and see if the wobble is still there. My mounts were shot and I had engine vibrations, no wobbles (or maybe I should say my wobbles were caused by worn suspension parts verses the engine mounts.)
Lastly, as much as we want to redirect the funds from our childrens college money, it is best to send them off to school so that they can make the big bucks to support us in the fashion we want to be accustomed to. Its either that or hope [and pray] that they marry rich. My daughter is a junior in college, I am poor and feel your pain, unfortunately I will probably always be poor as my daughter thinks I am kidding when I tell her the above. LOL
Good luck and have fun...