Burne: I also have a 04' Explorer NBX, 4.6 V-8, with some tranny issues, not the same as yours though, mine kinda seems to slip sometimes on take off,,but it shifts fine,,I read on here there's a gasket that fails on the valve body or something,,and to test this,,on take off,,pull the tranny shifter all the way down into first,,and take off, bring it up to 30 mph or so,,and let off,,if it free wheels,,,,,Bad gasket,,if it has lets say engine braking (slowing down,,like in 1st gear),,not a problem with this gasket.,,I tried this on my 04' and all seemed fine there,
I beleive this test is at the top of the page,,Explorer tech page or something,,,good luck,,,,Mark
PS, we love this Explorer,,mine has the 3:73 gears,and with the 4.6,,she is fast,,Awsume, and sounds great,,and it gets decent mileage,,,well when the GF drives it,,LOL,,,,FORD should make a Ranger with this setup,,be a wild little pickup truck !