Need to turn one of the magnets over so they are attacked to each other instead of repelling each other.
Not sure sure that will work. It's probably cutting throttle because the PCM sees the brakes and throttle are both on at the same time.
Good to know.
Hold down your traction control button for five seconds or until the message in the dash tells you that you've turned off your traction control. Should fix the throttle issues. You won't be able to use cruise control until you fix the issue.
This worked great once I realized the trick to install this part from Advanced Auto Parts. I ordered it this morning from AA and it arrived SAME DAYI had the same problem and found the part that fits for $1.51 (see picture with part number) at Advance Auto Parts.
. There is very little room to work near the brake pedal so it can be tricky to install. I struggled to install the brake pad stop for about an hour, then I realized the trick is to make sure the rubber part is orientated the right direction so that it bends back when pushed into place. See pictures below. After this trick, it was very easy and took less than 5 minutes to install 
The replacement part is such a huge pain in the ass. The magnets take seconds and hold really strong. They won't shift from there spot. Even if you wanted to remove it, it takes some real effort.
I tried this but it didn't work for me. I turned my traction control off (and on) several times but it still cut power between 40-50MPH. On my car traction control is just a tap to turn off. Do you mean stability control? Its possible that might work.
Yes, though one concern with this is that magnets, especially strong magnets, can interfere with electrical signals. While most cars have magnets in different locations such as a solenoid, placing a strong magnet near unshielded electrical wires may not have a positive or good effect. A simple example of this is sticking a magnet close to an old CRT monitor or TV, which would distort the image. Strong magnets can also, for example, impact pacemakers and other implanted medical devices. While the risk is very small, I took the harder route and bought the better-than-OEM AA brake pad stop. The part from Advanced Auto is a perfect fit, and I'm sure it will work perfect for years to come (10+ since its made for Toyota
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You have to hold it down and wait until it gives you a message on your dash. It tells you how to in the owners manual. You get different settings on your traction by either tapping it once, or double tapping, or holding down. You need to hold it down to truly turn it off. A single touch won't work.
Ya, for some reason turning off traction control didn't work for me. My traction control was "off", with the message on the dash saying traction control off. It is possible that holding it down for 5 seconds to turn off "AdvanceTrac" may fix the power loss and power cutting out. Holding it for 5 seconds will turn off AdvanceTrac and could work (Its also possible Ford has released some type of software update for this). If anyone else gets this problem this is worth trying.