What's the fluid like? Sounds like the torque converter, and since you're in neutral that furthers that theory. You might be able to prolong its life by changing the fluid (drain/refill the pan, drive it for a few weeks and repeat). If that doesn't help keep it going for a few 1000 more (and eventually the converter WILL die if it sounds like that now) then replace the torque converter and I'd put money down that that fixes it.
I've had lots of similar issues, finally the converter almost totally stopped transmitting power and this summer I replaced it with a ~$120 one from O'reilly and everything is working great again.