No, it wouldn't necessarily have broken by 130,000 miles. If you want to do it yourself, I'd suggest you get a Haynes manual or, better yet, the factory service manual from Helm.

If you've never done a T-belt before, it'd be best to get with someone who's done one or two. If you've done it before, you'll know what you're in for.

Yes, you'll have to jack up your engine when you do it. You'll have to remove the motor mount on the T-belt side of the engine -- same as with most transverse engines -- and you'll have to hold the engine in place with a jack while the motor mount is off.

Also, you'll want to get the special "Honda" tool that holds the crank pulley in place so you can remove the pulley bolt. Otherwise, it's a BI*CH to get that bolt off. The tool's about $60 or so (on the net), but it's WELL worth it!!! Oh, and make sure you have a torque wrench large enough to handle the pulley bolt when you put it back on. Some Honda crank pulley bolts are torqued to 180 ft-lbs!

While you're in there, it'd be crazy NOT to replace the water pump. This would also be a good time to check the cam and crank seals. If they're dry, leave 'em alone.