The OD (Over Drive) circuit on a 2wd van is incredibly simple and easy to troubleshoot. I realize you have already disconnected the water thermo switch but for the sake of anybody else chasing this problem I'm going to explain things in detail (so disregard the parts you have already checked). Here's a diagram showing the OD circuit on a 2wd van:
http://i8.photobucket.com/albums/a23...dodcircuit.jpg
The water thermo switch is a likely problem. It's on the side of the engine next to the distributor.
http://i8.photobucket.com/albums/a23...mpSender-1.jpg
I'm not really sure why Toyota saw the need for this switch. It might be more relevant on the 4wd vans with the transmission ECU, but on the 2wd vans it's just a simple temp switch that limits OD operation. That switch's only job is to prevent OD operation below 131 deg F engine coolant temp. When your vehicle is warm, this switch should be "open" (no continuity). When your van is cold it should be "closed" (continuity). If you don't have an ohmmeter, just disconnect the sensor and the OD should work all the time (even when cold). If the problem doesn't change with this disconnected, then that sensor is probably okay and your problem is somewhere else.......maybe the relay or the solenoid. The relay is mounted under the front of your center console box between the shifter and the emergency brake. Be sure and check the wires there making sure none of them got disconnected, damaged or pinched. The solenoid (which hardly ever fails) is mounted on the side of the transmission.
For a location of these components and more troubleshooting info
CLICK HERE and scroll down to AT-14 to AT-18. Also, here's a link to another forum post regarding the OD system:
http://www.toyotavantech.com/forum/s...erdrive-issues. Tim