Good news, and bad news.
The good news is that my mechanic will probably be able to get the needed parts in time for me to make it to Street Vibrations.
The bad news is... the one part he needs is rather pricey due to the fact that Baker does not make the counter shaft repairable. The gears on the counter shaft are pressed fitted on, requiring a 20 ton press to assemble it. As for disassembling, my mechanic said there is no way to get anything in where the gears are in order to get them apart. So, bottom line is that once a gear gets messed up on the countershaft, you're looking at replacing the entire countershaft, with gears and all. The counter shaft goes for about $700!!!
That said, the gear that broke is not on the countershaft, but is on the main shaft, which CAN be easily disassembled.
However, there is one gear on the counter shaft... 4th gear to be exact... that has one tooth with about 15% of the tip broken off. My mechanic said that if it was his bike, he'd probably just leave it alone. However, he could not guarantee the results of running it like that. I almost went that route, but then I thought about how much I ride... roughly 12,000 miles/year... and the fact I REALLY don't want any more surprises, so I told him to just go ahead and replace the countershaft.
The other expense will be replacing the gear that broke, and another gear on the main shaft that apparently got a bit messed up. Throw in the bearings and gasket kit and we're up to about $500. Then just for kicks throw in another $100 give or take for his time.
Oh well, another $1300 down the drain.
I guess compared to buying a new one for $3500 it's not too bad, and I'll basically end up with a new tranny. Replacing it whole thing with a Revtech may have been an option, but then it would take a lot more time, and the price would end up about the same. Hope I'm going about this right.
Oh, to clear up what happened, as I realized my paraphrasing from what mechanic said was indeed a bit off... the bolt that holds the countershaft on backed off a bit, thus causing the countershaft to become loose and begin moving about. This eventually lead to the failure of 4th gear as it was bumping up against other stuff.