yes u would be walking.
i would change it out when i got the time. the wind will blow the wires around and eventually break the wire. if there is a way to put some plastic ties on it to make it stable till u find time to change it out.
just a thought on the speedos maybe the speedo is warm and when the cold rain hits it cools down the air on the inside and then the vacuum pulls the water into the speedo. just a thought. i used to rinse mine with a hose till some of u had problems. now i think i will cover them with plastic bag. might not hurt to cover them when riding in the rain.