I'm not sure how the 5th gen calculates when you are in "Eco Mode", but I have noticed two things: 1) The Eco light will go off if you put any but the slightest pressure on the accelerator and, 2) the Eco light will stay on whenever you have the cruise control engaged. The latter sparks the most curiosity, as I often disengage the cruise in hilly sections to keep the gearing higher when the T4R wants to downshift into a lower gear. I have found that I can often maintain the same speed (or nearly) without increasing the accelerator peddle in a higher gear than the point at which the Toyota wants to down shift (and rev higher). The interesting part is that the Eco light will stay on during the downshifts with cruise on, but go off if I disengage the cruise yet maintain accelerator pressure.
During acceleration, the Eco light will go off until I let pressure off of the accelerator as I approach my desired speed.