So a couple things to make clear, which will make you a little more comfortable. The earlier model LX470s have laser cut keys as well. I emailed a dealer, was able to prove I owned the Lexus and they sent me the "Key Cut Code" for my LX470. I then bought 2 Lexus (probably clones) key/shell from eBay seller BBBlocks for $50 shippped (precut to my vehicle). So if you need more keys, I would go that route. Now that is the key, and the shell.
The Fob is what is inside the shell, and is the electronic device that has the keyless entry assembly. Open the shell and remove this. Now you need to separate the the back from the assembly. So the fob is approximately 4 parts sandwiched together. The black front part with the buttons, a middle clear part with the board, the back black battery housings, and a battery cover. The RFID is between the back battery housing and the clear middle part.
I removed the battery and battery cover, might not be necessary, but less to deal with. Now very carefully separate the back black cover from the clear middle part. I used a tiny flat head screw driver and a thin knife blade to carefully pry them appart. They are glued together, so just slowly make your way around.
Once open, you will see the green circuit boat with a rectangular corner missing. In that corner is the RFID. It has a small amount of adhesive below it, but carefully pry it out. This is the part that gets adhered to the inside of the rubber ignition ring.
Reassemble in reverse order. And now your done.
This whole process should only take 15 mins. I did the whole thing before I typed this in about 5 just to make sure I was giving you the correct steps. I will upload some photos.