I did this according to the instructions that Squid posted here and it worked exactly as described to every detail (spongyness, long pedal, a little smelly, etc.).

Now the day afterward, and brakes are completely normal and I feel they are happy and healthy.

What a wonderful site this is! Thanks.

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2007 Tundra DC SR5 5.7L 4X4
TRD, Leather, Backup Cam, Tow
Blue Streak

Mods: Black Line-x bed, Husky Liner floor mats, Yota billet shifter, Flowmaster Super 40 muffler (dual in/dual out) with rear exit SS exhaust tips, Firestone Destination 285 65 18 MTs. Truxx 3-inch lift/level kit. Bushwacker pocket fender flares. 4-cleat Tundra deck rail kit. Westin bull bar.