Horrible grinding noise - next in saga

[Matthew T. Blackmon]

 OK, so I have this horrible grinding noise in one of my rotors.  Another
 Matt mentioned that I should try pulling back the dust shield.

 So tonight I put the car up, and pop off the driver's side tyre and wheel.
But what's this?  With the caliper bolted in place, there is play betwee the
caliper and torque member!  Like maybe a 1/4 inch!

It's been a long time since I've changed the brakes on a car, but I would
swear I don't remember seeing this before.

 Please someone tell me I'm smoking bananas.

M