Ouch. I think a new engine is in your future. The white smoke symptoms sound catastrophic.
To be fair, that could be anything that lets coolant out under the hood (broken radiator, radiator hose, turbo coolant pipe, yada yada.) none of which are particularly difficult or expensive to fix.
Blue-ish 2006 2.4, Werks stage 1 turbo, Borla cat-back, DDM braces, Spec aluminum flywheel, Spec stage 2 clutch, Werks aluminum radiator, some gauges, RKSport hood, Morimoto FX-Rs, GReddy Profec, Norm's fenders
'07 GXP, RPM Stage 2, Solocatless downpipe, TCE Wilwood 6 piston front brakes, 4-piston rears , Stainless brake lines, slotted/drilled rotors, BC Racing BR coilovers, Performance Autowerks intercooler, DDMWorks CAI, charge pipes and braces