An extensive search through NHTSA's database and 4 maybe 5 other Toyota dedicated forums have turned up that this is clearly a problem. I have surmised that it is due to a lack of proper drainage just before the track bar mount. Testing my vehicle by running water in the frame rail has shown that the location does not drain AT ALL. After a week I stuck my finger into one of the access holes and I had at least 1 to 1 1/2 inches of water still remaining. My solution.....drill a small hole so the water can weep out.
All vehicles that I saw in my search turns out to have the same rust / rot issues in the same locations.