My wife's 05 Camry has an "instant" and an "average" MPG readout. You may be thinking of the instant readout.
No, I understand. Both of my Toyotas have instant and average fuel consumption readouts. I leave them both on average 99 percent of the time.
When I said it's a strange system I was comparing my 2012 4runner to my 2003 Avalon. In average mode, the Avalon will update and, for the most part, reflect a reasonably close rate of fuel use without ever having to be reset (Frankly, I don't even think there is a reset option on that car, but don't quote me just yet). This is compared to several hand calculations I've done.
In the 4runner, I think your description of how that monitor works is accurate: it keeps data points ad infinitum and just seems to get "stuck" as it were. It might be more accurate over long periods of time, but I like the day-to-day, or even weekly results shown in the Avalon more.
The difference is probably that the Avalon dumps data and refreshes it's calculation more frequently, whereas the 4runner doesn't.
On another difference between the two, again preference going to the Avalons way of doing things, the 4runner uses two buttons to control the sunroof/moonroof. The Avalon uses one. These buttons accomplish the exact same things, venting and opening/closing the sunroof. But, the Avalon designers put it all into one button.
Sometimes, it seems to me, you need to leave good enough alone.