That's true, magnets cannot completely stop a train. However, LIM's don't use magnets, they use induction motors (hence the name), which are used to create electric fields that interact with the fins. The LIM's on the back spike aren't actually functioning as typical brakes (as magnetic brakes aren't powered in any way), they're thrusting in the opposite direction of gravity, creating a momentary stop for a fraction of a second. (The train wants to go down, and the motors are pushing it up.) However, I do remember someone familiar with the ride mentioning that if the spike LIM's were left on forever, the train would eventually slide back into the station.
Psst... breaking is when Kingda Ka goes down, braking is what you use to stop a ride. :P
*** Edited 5/29/2005 2:09:41 AM UTC by PhantomTails***