I haven't had a single problem since I desmogged my rig. I did it bit by bit as I wasn't sure what results I would get, but now that it's all done, it's great. freed up a little bit of power, and gave me alot more real estate under the hood. I've had no pinging even under the heaviest loads I put on my engine (full throttle from a complete stop to keep assholes from cutting me off

), but I also am very anal about keeping my engine tuned and in the best shape possible. I also burn 87 octane gas.
Dawgdaze, if you're curious to what all is involved in desmogging an FJ62, I made a guide that's in the tech section of the site. Cruiserdrew is right that you won't free up much power, especially because of the automatic transmission, but you'll get a noticable amount. I really noticed it when climbing long hills on the freeway.
Take a look at the guide and then decide if you want to do that much work (or rather, have that much work done).