Hi Ken, it's not planted there. It's currently in its pot and I took the picture on the walkway where it's sitting till I figure out if it's a Snow Fountain Cherry or a Double Weeping Cherry. If it's a Snow Fountain it will be planted about 6' from a walkway. If it's a Double Weeping Cherry it will be returned.

A reduction of potential performance, not death, though you'd be the best judge of how shady it is in the a.m. and evening.

OK - here's the thing :-) Bugs eat holes in foliage. Unless they are skeletonizing the leaves and defoliating the trees, it is almost always a cosmetic issue - unsightly perhaps but no harm to the tree. Brown "spots" are not necessarily indicative of shot hole - actual holes/missing tissue in the leaf are more symptomatic of that problem. As bboy described, it looks like someone peppered the tree with buckshot. Again, on deciduous members of the genus, shot hole is more cosmetic than harmful and attempting to treat now is likely to cause more issues than help. This disease is often associated with excessive overhead watering, either from rain or sprinklers and any sort of treatment now is not going to be of much value. Just be sure to clean up well in fall and get rid of the fallen leaves. I guess the gist of this post is that we need to exercise a degree of tolerance :-) We are dealing with nature and flawless foliage is not the norm, despite what we prefer. By all means treat IF the situation warrants it. In this case, I don't see any reason to believe that it does. All in all, your little tree looks pretty darn good for a weeping cherry.

Re-pot into larger container. May have to wrap container with insulation during winter if you are in a cold climate.