No, JT, you're thinking in terms of a linear synchronous motor. LSMs use magnetic coils to alternately attract and repel a permanent magnet. The brakes on Millennium Force have more in common with a linear induction motor, in which the moving magnetic field coming from the motor coils induces a current...and hence a reaction field...in the reaction plate, propelling it forward. In this case, instead of an 3-phase AC moving magnetic field, the brakes use permanent magnets to provide a stationary field. The reaction plate moves through the field, and a current is induced in the reaction fin, thus setting up a secondary magnetic field which reacts with the fixed field. That interaction will tend to cause the reaction fin to accelerate to the synchronous speed of the magnetic field it is moving through. Since that field is not moving, the end result will tend to drag the fin to a stop.
One difficulty is that the magnitude of the current generated in the fin...and hence the magnetic field...is proportional to the speed of the moving fin, so as the vehicle speed approaches zero, so does the braking force. Hence the advancing wheel at the downtrack end of the brake run, used both to bring the train to a full stop, and to drag the train out of the brakes and into the unloading station.
Does that make sense? In a nutshell, it's a LIM, but with permanent magnets instead of an AC coil, so it will tend to drag the train to a stop...and because it uses permanent magnets, no power is required.
--Dave Althoff, Jr.