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The main reason is that Tpyota will not honor the warranty on your transmission if you do so.
As to what actually may be harmed (or not), I cannot say. Transmissions need to circulate fluid to lube their working parts and, depending on torque converter and tranny design, some internal parts may still be turning even when being towed. We know Toyota is very conservative on this issue, so chances are you could tow as you say. If you decide to gamble on it, I would suggest stopping ever 200 miles and running the engine with tranny in gear (Xfer still in neutral) for a couple minutes to circulate tranny fluid in torque converter and tranny.
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Gary Brinck
2004 American Tradition; 2007 GMC Acadia
Homebase in the Ocala Nat'l Forest near Ocala, FL
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