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Sounds like you might have a bad torque converter and/or a bad one-way clutch...
The converter contains a one-way clutch. If it jams and locks the stator, the converter wont be able to circulate the fluid properly between the impeller and the turbine. Hence, there will be a lack of power, and possible engine overheating. It'll also make the fluid very hot and lead to overall transmission failure. Keep in mind that the one-way clutch makes the stator only go, you guessed it, only ONE WAY! If it freewheels in both directions, the torque converter wont be able to multiply the torque properly and the car will bog when accelerating. That's when you must replace the torque converter.
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Killed in action - 11/22/2011
Final Score - 355,202 Miles
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