My rear wheel bearing is failing at 11k miles - there is perceptibe side play and when rotated the bearing rumbles. But as yet no riding problems so I would prefer to keep riding until the cold weather / rain comes.
I had similar thoughts to save the summer season. But when I noticed that the the play increased significantly after each run, I got worried and had the rear rebuilt. The mechanic said that I was lucky, only needed to change bearings. If the bearing seizes, it will destroy the bevel housing.