Transmission is leaking ATF profusely?

My vehicle listed above XLT, is leaking ATF profusely. Crawled under it while it was idle and when gas was pressed ATF poured out of the flywheel housing through the starter. Common sense tells me that there is a crack in the housing, or the flywheel gasket is leaking very badly. Also, since the ATF is pouring out it seems that the vehicle only wants to go forward even when in neutral.

This is the best I can describe verbally. Any insight will be greatly appreciated.