Yes it is repairable, but you have to watch out for overpenetrating and shrinking the diameter.
I have had to do this same repair on some Proflexes including my own 957 at the seat clamp. An LBS up the road sent me quite a few GT I-drives right after GT's financial woes, as GT would not warranty frames.
What I did is make collapsable mandrels, size 27.2 (proflex), and 31.8(GT), to mount inside to prevent shrinking and overpenetration of the weld. You could cannibalize a cheap steel seatpost, slit down one side and shove in for a mandrel.
Clean the paint yourself, and make sure your welder uses high strength filler, like 5356(most common high strength). Take it to the shop, have them ground on the seat post, you don't have to take apart the bike.
This should fall under the shop's minimum charge. Most tig shops charge a minimum of 1/2 hour. Walk away if they don't know what 5356 is, and they want to charge more than 30 minutes of time. It should take not longer than 10 minutes to weld if you do the prep.
Then reassemble and let the bike sit minimum 1 week, as to let the weld zone age harden somewhat, and then RIDE.
Good Luck,
Terry