PM Ti Tank on the blue forum and ask to see pics of his. We are near toledo, which is close to the Toyota facility in Ann Arbor. Don (ti tank) is a friend of one of the toyota engineers up there and he talked to him about doing the chop for advice. The engineer said you DON'T want to just cut it and leave it open or bend the lip back over the hole. If you do it, make sure you weld a plate over the hole to restore the structural integrity of the fully boxed frame. Don's turned out REALLY nice! I'm gonna do it exactly like his when I do mine. When it is done properly, it looks like a factory job.
When we put his new wheels and tires on, we had to do an initial hack just so he could drive it home. We used a reciprocating saw and an angle grinder to make the rough cuts . I'm thinking you'll have a hell of a time trying to cut it with a dremmel. That frame is pretty tough and it took a while using an angle grinder with a cutting wheel. Your best option is to use a plasma cutter, but I don't know if you have access to one. We have lots of friends who are welders and fabricators here, so it was easy for us to get access to one. Good luck, have fun, and be careful! Let us know how it turns out!