Sir, I fear your waterpump has gone off to join mine in the Great Waterpump Beyond.
To avoid potential engine damage,
do not drive the car anymore until the waterpump is fixed. If you aren't going to fix it yourself, remember that tow trucks are your friends. I've heard too many stories about Duratec engines that died young because they were driven with bad waterpumps and the excessive heat damaged them beyond repair.
About your coolant light.....that sensor is totally hypersensitive. For a while mine would come on if I was parked on an incline, even a very slight one. Your best bet is to keep the level a little above the max line. Oh yeah, and don't forget to dilute coolant before you pour it in.
The best luck to you man. Keep us posted.