It could be. That's not terribly uncommon. I've removed the drive shaft and gotten a small brush and brushed RTV sealant around where the plug presses into the back of the slip yoke. If you're good with a brush, you MIGHT can even do it with the drive shaft still in, but you would need to clean the CRAP out of it to assure there was absolutely NO fluid present, or the RTV will not stick. I would at least remove the drive shaft and you MIGHT have to remove the slip yoke from the drive shaft as well. I would say at that point, put another slip yoke in it, but who's to say a new one won't leak?