I just noticed a few drips of oil/fluid on my driveway this morning. Got underneath the truck and it appears to be coming from the area on the attached picture. Can anyone let me know what that front end piece is and what I'm looking at to fix it?

The picture is from the driver's side front end of a '94 Runner.

 

Check your power steering fluid level.

 

Yeah, I've had to top off the power steering fluid about every other month for several months now, so I am aware of a leak somewhere. But I figured it was leaking at the pump somewhere. What exactly is that part if it's not the pump? Anyone?

 

Its the steering gear
If its a slow leak, there are all sorts of additive products made for Power steering/ Auto Trans. My 94 had a slow leak on the main seal in the pump and a half bottle of Trans Magic sealed it up.