I contacted a dealer for my make of pool and they are offering the following:

1. Treatment of the termites. They have two companies that do the spraying and offer a guarantee that if there is a leak due to insect damage , they will pay for the liner. One company offers an $80 a year "inspection" and that includes the water & labor for the liner. The cost is about $250 for the service.
2. They repair / rebuild the base / remove any roots
3. Replace the liner with a non-embossed vinyl liner (US Made)
4. They were insisting my pool has an overlap liner. I told them that in 2002, the company offered a hung liner. My pool style (deck & fence & walkway) is not very popular around here. They sold more of the Esther Williams slat wall pools of my type. They then said that if my receiver is plastic and not the aluminum it may need to be replaced. That means taking off the top rail / decking. THIS IS THE REASON WHY I SPECIFICALLY WENT WITH A BEADED LINER!!! The receiver looks and feels sturdy to me and I have no issues with the liner.

I am looking at about $1,200 (worst case scenario)

The good news is after the last patching, I have no leaks. I plan on keeping the pool open perhaps to the end of September. If it holds water, I close it. If it leaks, I abandon it, make sure it does not go empty prior to winter and schedule the liner replacement for April of 2011.