My friend's 2000(ish) toyota corolla was recently driven on low oil, 3/4 qt until it started making noise and running bad. He took it to the shop, they found the oil was the problem, and did an oil change. It is now running better but gets rough right before the auto up shifts. The shop described the engine as a "time bomb" and said the engine could let go now, or a month from now.
What says the Toyo gurus of GRM of this prognosis?

