Freefall brakes, like coaster brakes, have their default position as "closed". It actually takes electricity and pneumatics to "open" them. If you see the lights go off on a Turbo Drop, big deal, you'll still stop.
As Jeff said, Intamin freefalls use magnets. There isn't any magic to these things. It's just like playing with magnets when you were a kid. The resistance created slows the trains smoothly and safely.
Brakes seem to be one of the biggest misconceptions concerning coaster safety. The brakes on a ride won't "just fail" due to power outages or loss of air pressure. A loss of air pressure will, in fact, not let the brakes reopen until the system is fixed.
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Six Flags America? No, no! My name means "Sarcasm-For-All"