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I bet it is what you don't want to hear. Get ready for a new rear-end. On the brighter side you can get the gearing you really want. I hope mine goes bad before I put it up for the winter. I need a 373 rear gear.
Who rebuilt it. Just b/c it was rebuilt doesn't mean they put new clutches in it. On the bright side you maybe do not have the fluid mixed in well enough. Did you do figure 8's in a parking lot. Some times you'll need to do that before the noise will go away.
Designer Imagines A Corvette That Looks More Like a Corvette Than the Corvette
Slideshow: A Jaguar designer's personal project imagines what a modern front-engined Corvette might look like if Chevrolet revisited the golden age of the Stingray.