Transmission Issue.... need advice

[ninefourteener]

This morning..... the wife called me.... frantic.

The car was in drive.... engine revving.... it won't go anywhere... she's stuck in the center lane with the hazard lights on.

I drive down.... get there..... car is "running" fine..... but won't engage when I put it in "D"

Won't engage when I put it in "3".

I put it in "2" and I feel it engage..... so I proceed to "limp" home with the hazard lights one.

1st seems to work fine.... going into 2nd, the car badly "surges" and feels like it falls on its face in 2nd gear. So I put it into "1"... keep it there;... and limp all the way home.

I can smell transmission fluid.

I have not had a chance to even pop the hood. I haven't looked at ANYTHING yet.. I had to go straight to work.

So....... Did my wife just blow the transmission?

Or is there something else I should look for first?

Advice? Help?? Recommendations?