Definitely beginning.. Looks like the stuff in the beam is collapsing a little..transferring some of the load to the bulkhead The front vertical wall of the beam will eventually crack and you will lose rig tension.. Not a catastrophic thing! you can take up the slack with the rigging turnbuckles.. On mine, when that happened, the tube that the wires go through tried to support a lot of the load and it deformed, making the leak worse .. If yours progresses as mine did, I would think you have at least one more season of sailing and maybe two before the work should be done.. I don't see a lot of water damage arouind the top, so your post is probably OK.. Is there evidence of water coming out at the bottom of the post?? Has water come out at the outboard edges of the cross beam?? If you take the mast off for the winter, try to seal the wire tube around the perifery as well as where the wires go through.. If you don't pull the mast, run a bead of sealant carefully around the mast step to stop water from wicking into the tube .. Best way to fix it is to pull the mast then work the beam internals.. I didn't pull my mast and the job ws a lot worse because I didn't.. Another thing to be careful of is that when the rig gets a bit slack, the headstay will sag off and if you are using a roller furler, that willl put a lot of stress on the foil joints and eventually fail a few..
Good Luck with it !