malcolmv8 - Regretfully, I'm well aware of your misfortunes. My Explorer actually was at least 2 quarts low for a month or more. I got lazy and wasn't checking the fluids. I didn't know when the filter was last changed and when I found that I was going to need to add at least 2 quarts, I decided that instead of waisting money on oil when I would have to re-add it when I finally did change the filter, I would be better off just dropping the pan.
To my suprise, when I pulled the pan, there was the above OEM plug sittin in the bottom of it. As you may have read, this suggests that this filter is origional and has been on my truck for the last 120,000 miles! I was very happy with the cleanliness especially with all the abuse the trans has had.
Your comment about the Mercon has me worried, Glacier and I believe it was in fact Mercon III previously in my truck. Hopefully using the Pennzoil, (of which i have no idea what Mercon spec it conforms to...prolly not a good thing) which should at a minimum meet Mercon III, will be fine.