my 4 month old puppy Tucker has one and when he was first diganosed it was pretty large (which is better than being really small, less chance of strangulation) he too will need surgery, we are going to the vets tomorrow for more shots and to schedule both of his surgeries (hernia's and neutering). His surgery is only going to cost a extra 160 dollars, for at total of around 300 ish with his neutering.
When I first found out that he had one at 7 weeks I almost didnt take him. I talked to the breeder (a friend of ours) her vet, my vet and some folks on this board and even though it was scary it wasnt worth passing him up.

He has had some trouble with his but thankfully nothing really major. If he gets stressed out, his intestines pop out alot and they need to be "rubbed" back in, if not he gets really uncomfortable. When I was trying him on a new food he ended up with terrible gas that was getting caught and he would scream in pain, it was awful I thought for sure we were going to end up in the ER with him but after a little while he was better.
It certainly hasnt slowed him down any.

He is growing well and overall seems happy.

Just keep an eye on it, check it every day and make sure that it remains soft and doesnt cause any pain also make sure your pup is passing normal stools daily and eating on a regular basis. If you notice anything wrong it is crucial that you get your pup to the vets immedialty. If a strangulation does occur they detoriate very quickly.
Although I have heard that some of them just go away on thier own, I dont believe Tuckers will. His does seem to be smaller but its still there. I would feel more comfortable having it sealed up then waiting for it to go away on its own.
Anyways this got longer than I wanted..

good luck.