I actually took my transmission apart last sunday. I'm now driving on it, so I guess I didn't let all the voodoo dust out.
In this case, the extent of the car's electronic control is the ability to disable the torque converter lockup mechanisim. I'm pretty sure this thing is the speed-measuring device, as it spins with the differential casing:
Not exactly a simple design, but actually similar to the manual trans more commonly found in CRXs.
A main shaft in the front, connected to the torque converter, a counter-shaft just behind it with various gear sets between the two (which make up the transmissions different "speeds") in constant mesh but engaged or disengaged via hydraulicly controlled clutches (the big cylindrical thing on the main shaft is a pair of clutch packs back-to-back), instead of shift forks and syncros like you would find in a manual trans. The countershaft is in constant mesh with the differential casing, the differential drives the half-shafts (aka axles), which are connected to each front wheel. The reverse gear actually still uses a shift fork - it's basicly an extra gear added between the main and countershafts, which reverses their direction of rotation relative to eachother.
So yeah, it's hydraulic logic in this case. A matter of valves, springs and balanced hydraulic pressures. As you pick up speed, the pressure from the speed measuring thingie increases the likelyhood of shifting, while more throttle input delays it. Engine RPM seems to just be along for the ride, as the trans shifts at a lower RPM when the torque converter is locked (and therefore not slipping)