To update everyone on my VX transmission troubles, I checked the fluid not long after the initial trouble code. Even took it to a transmission shop to check it, they said it wasn't a big problem now. The light went on and off 2 more times and for a month didn't do anything. About 3 weeks ago, I was driving to Tulsa, OK from here (600 miles one way). Near the OK state line on I-40 I heard a pop like a gunshot. Pulled over checked the tires and underneath, all looked OK so I thought it was a piece of road debris that a tire had kicked up. After pulling into the first Muskogee turnpike toll booth, paying my fare and start accelerating, the transmissionshifts really hard, almost chirping the tires. I decide to press on and get it checked in Tulsa, only 50 miles away. I didn't made it. A few minutes later I look out the rear view mirror and to my horror see a blue smoke trail following my VX. I pull over and look under the vehicle to see it coated with transmission fliud. I was near a bridge and wanted to pull up a bit but the VX would no longer move.
After spending 5 days in Tulsa and getting tired of not being home, I got transportation back home. 2 weeks and $2900.00 later the VX is ready to be picked up. I am flying out this weekend to get it. At least the tranny has a warranty now. Transmission shop said that there was shrapnel inside and they believed it was a solenoid failure. The shrapnel caused the front seal to fail and the transmission was 4 quarts low due to the leak. The transmission was rebuilt and a new torque converter installed.
What got me was that the check trans light never came on after all of the fluid loss and transmission failure. I guess it takes a lot to make it come on when it does count. Thanks to everyone for your posts.