Thanks for all the feedback - I'm assuming it's head gasket(s).
I'm now halfway through the K&W Nanotech block sealer treatment - drained a cool engine, pulled the thermostat, flushed w/clean water, replaced the thermostat housing w/the rubber seal in it, refilled w/clean water and ran for 5 minutes with the radiator cap off to get the rest of the antifreeze out.
Drained again and refilled with the nanotech solution mixed with three quarts of hot tap water, started the engine, topped off with regular water, replaced the cap and let it idle for 30 minutes. Shut it down and let it cool for 1 1/2 hours, then drained the system again to cure overnight. I'll leave it alone until I get home from work tomorrow - they say 12 hours to cure, so I assume 20 can't hurt.
This is the first time I've used this particular formula, so I'm curious to see if it works. I checked the overflow tank a couple of times while it was idling and no bubbles at all - of course they tell you specifically not to rev or drive it while the solution is in.
Again, thanks for all the feedback and I'll let you know if this process works.
Tracy