Actually, there's 2 different recalls. The 95-00 trucks that they deem bad enough get bought back by Toyota. The 01-04 trucks that are deemed bad enough have the frame replaced. "Bad enough" is perforation....aka, holes rusted through the frame. Surface rust doesn't count....gotta have holes in it. FYI....on the buybacks, they pay 1.5 times KBB retail value in excellent condition. That would have made my truck worth around $16k. I totally would have let it go for that! 
But yes, the buybacks ARE crushed.
Turtle points for the solid info. Thanks.
