yep you would need the hubs,axles and spindles.i'm not 100% sure on the abs though.I have had a few friends do manual hub conversions this way,but they were tacomas and they didn't have abs.
that link for the auto to manual hub conversion is for 2nd gen runners.the manual hub conversion for 3rd gens is alot more involved.easiest way would be to find a manual hub setup off a early model tacoma.
I live in Hawaii and i'll be the first to tell you guys that there are alot of guys here that put drop bracket lift kits on there toys.I have a bunch of friends that run um and actually go offroad with them.I say if u got the money and wanna put it on your truck then do it,or save your money and...