Well.....I don't know how you got your hand up in there? On my 08, I couldn't see or feel it. 
My brother in law (toyota tech) advised me that I should change mine a few years ago when he said "are your axle seals blown yet?"
Yes, you can buy a replacement vent valve and it needs to be tapped into place. The original needs to be pried out. The way he suggested , instead of dropping the diff, was to remove the driveshaft and then loosen and lower the diff on the left side, so it droops down for better access. The you have enough space to pry out the old vent and tap in the new one with the right size deep socket. The vent doesn't always come out easy and then the diff needs to come out.
I would drain the diff fluid, then think about when to get in there and attempt the valve replacement.
There is another thread on here about this job and how DL175 I think re routed a hose to inside his rear fender for easy access, in case it's ever a problem again......good luck
My brother in law (toyota tech) advised me that I should change mine a few years ago when he said "are your axle seals blown yet?"
Yes, you can buy a replacement vent valve and it needs to be tapped into place. The original needs to be pried out. The way he suggested , instead of dropping the diff, was to remove the driveshaft and then loosen and lower the diff on the left side, so it droops down for better access. The you have enough space to pry out the old vent and tap in the new one with the right size deep socket. The vent doesn't always come out easy and then the diff needs to come out.
I would drain the diff fluid, then think about when to get in there and attempt the valve replacement.
There is another thread on here about this job and how DL175 I think re routed a hose to inside his rear fender for easy access, in case it's ever a problem again......good luck