I was thinking weak spark as well since I noticed that with the timing light, I can only get the pickup to work if its close to the distributor cap.  It wont flash if the pickup is in the middle or anywhere more towards the plug end of the wire.  Ive never noticed this before with other cars, but who knows, maybe its common?

On that same note however, with the plugs out and grounded while cranking, I get a consistent bright blue spark from them, it doesn't appear to be a weak spark at all.

Another strange note.  After performing the compression test, the motor did in fact start.  I confirmed it had compression and said "fawk it, Im gonna try starting it again".  Hoped in, hit the key and it fired right up.  I assumed from the compression test basically deflooding it.  I backed it up back onto the driveway, and let it idle for about 30 minutes to thaw the windows and the snow while I put all my tools away.  As soon as I was done with that, I hoped in and went to take it for a test drive.  I then promptly killed the car trying to use the clutch (been driving the 4Runner for a while), and it has never started again even after attempting to simulate the scenario (deflooding, more compression testing, etc)  I fawking hate this car.

~T.J.