I know this is an old thread, but I can't stand to see misinformation being thrown around, which someone else may unwittingly rely upon as correct.
Some have stated that Mobil 1 synthetic is the
same as Toyota T-IV fluid, except that it is synthetic whereas the T-IV is dino. The only part of that statement that is true is the synthetic versus dino; Mobil 1 is
NOT T-IV. Mobil claims it meets specs for T-IV, but it is not certified as being T-IV compliant. There is a difference. Toyota can still say that you did not use specified fluid. If an ATF related failure were to occur, then you would have to try to go after Exxon-Mobil.
Toyota WS is also a different fluid. I haven't looked much into it, simply because I have no vehicle that requires it. But it is different. If a transmission factory filled with T-IV was back spec'd to accept WS, I personally wouldn't do it. They are different. You may have success. You may not. Just look at the whole thing with GM's Dexron VI being back spec'd for trannies requiring Dex II or Dex III. Some trannies like it, others give up the ghost on it.
I've also had some negative experiences on fluid changes, where the new fluid was not the same spec (but may have been deemed by the fluid manufacturer to be "compatible"). Two different vehicles, two different failures shortly after fluid changes that were not exact OEM spec. Coincidence? Maybe. Or maybe not. I'd rather just remove that variable.
The flip side is, many owners of transmissions that came filled with T-IV have successfully used something else synthetic. They are happy with it. For myself, I am not comfortable making that switch. I don't want to risk damaging a $2,000 to $3,000 transmission in search of a better fluid, when the T-IV seems to be serving just fine, despite that many say there is nothing outstanding about this spec. Fluids can vary greatly. So can the tolerance of one transmission model of different spec fluid - some are picky, some aren't.
One may also argue that Toyota can't force you to use their brand of fluid. And they're right. T-IV is supplied exclusively by Mobil. But it is not the Mobil 1 formulation, which is supposed to meet a variety of specs. It is their 3309 fluid - a single spec fluid. Your Toyota manuals will state T-IV or 3309, because they are identical, except for the bottles they come in. You could go to any autoparts store, maybe even Wal-Mart and buy 3309 there. Or, if you do homework, a lot of other makes of vehicles (including GM, Ford, Volvo, Mazda, VW, and the list goes on) have Aisin transmissions. Aisin is a subsidiary of Toyota. So some of these transmissions will need T-IV, and some will need WS. Dealerships of those makes will also carry those fluids (but don't rely on the parts desk jockey to know what they are talking about, find their part number for yourself). From what I've seen though, T-IV/3309 spec does not vary much in price from one source to another. I say pick your source based on convenience. If the day comes and there is a truly certified T-IV/3309 that is synthetic, then I'll join the line up to buy it. Until then, it's dino T-IV/3309 for me.
Your transmission. Your choice. But at least know what you're doing before you do it. If you want to find out more, do some reading at this forum as a starting point:
http://www.bobistheoilguy.com/forums/ubbthreads.php?ubb=postlist&Board=16&page=1