Problem Solved!!! Glory Hallelujah! It was a clogged MDP sensor, Manifold Differential Pressure sensor. Also known on other cars as the MAP sensor, Manifold Absolute Pressure sensor. The MDP sensor sends information to the PCM/ECM to correct the fuel injectors and the ignition timing, hence the cylinder #2 and cylinder #3 misfires.
Check this Wikpedia link for more detailed information on what the MDP/MAP sensor does:
http://en.wikipedia.org/wiki/MAP_sensor.
To jeff compton: Sorry man, you were wrong on this one. It WAS a sensor. A sensor that the ECM/PCM depended on for correct fuel flow and ignition timing. All I did was do a google search under "car stumbles on acceleration at 35mph and up" and I found a forum thread where this person had similar (not exact mind you), but similar symptoms as mine. He said he solved it by unclogging a MAP sensor port. I tried it and it solved my problem too.
Link here:
http://www.fixya.com/cars/t1189615-98_c ... mbles_2000 I pulled the MDP sensor out and checked it out and the little tiny port had some kind of crusty light beige color film down inside it spanning the entire diameter of the hole. I just pushed a paper clip through it and tried to ream the rest of the crust out. At first I thought that film was part of the internal sensor and I was afraid I may have damaged it. After I cleared it out I could see a silver colored terminal down inside it. There was also a little pool of oil down inside the sensor well on the intake manifold where the sensor sets, which I cleaned out.
I believe I got the EGR flow malfunction code from the enormous amount of extra unspent fuel and so forth coming out of the misfiring cylinder. The P0420 code is still probably a bad cat converter. I did replace the upstream O2 sensor and I have not incurred the P0420 code again yet. It remains to be seen if the new O2 sensor fixes that code trip.
More info for those who have these symptoms:
a) Car idles perfect. Tach steady at idle.
b) Car does not stumble on acceleration until it reaches 35mph or more. Smooth acceleration until it reaches 35mph or more.
c) You step on the gas hard when it stumbles and it may smooth back out (or not).
d) You may be getting cylinder misfire codes tripped.
Here's the solutions I tried that DIDN'T WORK:
1. Replaced the EGR valve. Did not work. ($75)
2. Replaced the upstream O2 sensor. Did not work. (pulling my hair out at this point)($70)
3. Replaced the coil pack that controlled cylinder's #2 and #3. (serious depression setting in at that point. Felt better later though because I was able to return the coil pack to Autozone for a refund, $100.

.)
I also:
1. Checked all the fuel injector's resistance with a volt meter according to the Haynes repair manual. The injectors were reading like 1/2 ohm to 1.5 ohms high out of spec. That didn't tell me anything.
2. Checked for an intake air leak with a vacuum gauge. No help. Vacuum within specs.
3. Checked battery voltage to see if the voltage regulator was bad (the voltage regulator is incorporated into the alternator on the Mitsubishi). Got weird reading there. I had a standing voltage of 17.5v and a charging voltage of 21volts. Spec according to Haynes is 12.5v standing and 14.5v charging. I thought I might have a problem there.
4. Checked the vacuum at the fuel pump regulator. Good there
I never checked the cylinder pressure or the fuel pressure. I was getting ready to take the throttle body out and clean it but never did. I discovered the MDP sensor clog before that. Would never hurt for it to be cleaned though.
One more note. On my first test drive after I cleared out the MDP sensor, I did get some slight stumbling going up a big hill at round 35-45 mph. But, on my second time around the block and back up that same hill, the stumbling had disappeared. The overall performance was drastically improved on the first run up until the big hill though. Maybe it took some running for some of that microscopic debris still up inside the sensor to completely cleared itself out by the second time around. No problems whatsoever now though.
So there you have it! Clogged MDP sensor.