I believe it is identical to the Supra N/A VVTi ignition, but is not the same as a Supra TT ignition (6 coil COP). The IS300 system is similar to a DSM wasted spark w/ 1 coil per 2 cylinders, except the 3 coils are COP instead of remotely mounted. Here's an idea of what it looks like.
As for the strip, yeah I definitely want to go. But not going until I get a stronger drivetrain setup, so maybe next year. I need to figure out what I'm going to do drivetrain, and get that done this winter.