11.14.2011: Update for added clarification
I came across this thread (and a couple others in the How To section) on doing the FIAV/ISC delete. I felt I had enough information to do the mod, but not really enough to be confident with the results. So I'm updating this thread to share some additional thoughts and observations.
Before You Start
You will probably want to pick up a new TB gasket kit from the local parts store. Barring multiple trips to the store and trouble separating the TB, this is pretty much a 90 minute job if you take your time. You don't need to remove the intake, fuel rail, or anything complicated.
Separating the TB sections
As mentioned above, there are many ways to do this, but the impact driver is by far the easiest if you've got it. Getting those 5 screws out is the hardest part of the whole process.
The Block-off Process
You can buy a pre-made block-off plate, which allows you to leave the FIAV/ISC housing OFF the TB, or you can simply cut a blank gasket out of bulk gasket material you have around the garage. Hell, a playing card might even do the trick. The TB should not see temperatures of the sort that would require a metal gasket.
Once you've got the TB split apart, trace the outline of the FIAV/ISC side onto your gasket material, cut it out, then put it in place in your hand and pierce the bolt holes with a Philips screwdriver. Run your bolts through the FIAV/ISC side and then through the holes you started. This will hold the gasket in place as you bolt things back together. Might not matter, but I started by snugging the center bolt, then worked opposite corners sung, before tightening from the middle out.
Avoid CEL
If you are using a spare TB or have done anything with the TPS, adjust it before you re-install everything. Simply connect the TPS, set it on the intake manifold, turn the key to the ACC position and pull up the DRB info with your logger. Basically, you're looking for 100% TPS when you hold the TB WOT, which translates to 10-11% when closed.
I only mention this as I swapped a known good TPS from one TB to another as part of this process. The car ran fine, but I would get a CEL any time I took my foot off the gas and the RPMs dropped to around 1000 or so.
Setting Idle via BISS
Once you have everything adjusted and back together, test fire the car, bearing in mind you will probably have to crack the throttle a bit to keep it running. I found the best way to do this without risk of over-revving a cold engine is to get the gas pedal where you want it (just takes a little bit) before bumping the starter. You're gonna have to hold it there for a good 30-60 seconds to heat the engine.
Allow the engine to idle and get up to full operating temperature, adjusting BISS to keep the idle from being ridiculous. (Mine started out idling at 2500rpm.) Once the engine is warm, turn the BISS to reduce it where you want it to be (I went with 900rpm). That's it. Cold starts take a little pedal play for about ONE MINUTE, but then you get nice, smooth idle with no surge, and the tach drops neatly between gears without sinking below idle.
AC minus ISC
I have not tested this, but I suspect I'll be able to bump the idle via BISS during the summer months, as I'll have the AC on most of the time.
Hope this helps someone out in the future.