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sadly
its common enough that wikipedia talk about it...pathetic heres a cut and paste...
[edit] Catalytic converter theft
Due to the use of valuable precious metals including platinum, palladium, and rhodium, catalytic converters are a target for thieves. The problem is especially common among late-model Toyota trucks and SUVs, due to their high ground clearance and easily-removed bolt-on catalytic converters. Welded-in converters are also at risk of theft from SUVs and trucks, as they can be easily removed with a battery powered reciprocating saw.[2]
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'91 4Runner SR5- 3.0 -5spd-Aisin Manual Hubs-ISR mod
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