I also have a 2007 LS460 which I purchased new.
I have been having the same problem, intermitent power loss.
It runs great for a while then starts that same loss of power cutting in and out during acceleration.
The transmission down shiofts adn the RPM's go up, but there is no power.
It is a very dangerous occurance, especially if you are trying to pass someone on a two lane road.
I have had mine into Lexus three times and they can't find anything.
with this many people having similiar issues, there has to be a problem of some kind.
Please let me know if you find a soluton to the problem.