Just got back from the track.
The computer switches from open loop to closed loop based on load. At WOT, that means it's at around 4500 rpm. At partial throttle, it's higher (if at all). There are other parameters as well, but those are the primary ones. There is no switch at 4500 that forces the ECU to go open loop. WOT is not usually used to discriminate, instead it's load that counts.
In closed loop, the computer modifies the stock map depending on what it sees from the O2 sensor. It's got a huge range of authority, able to pull 30% or add 25% of the initial fuel value. It will maintain a stoich ratio even if you've jacked the fuel pressure. This is based on readings with an ODB-II reader and an onboard wideband O2 sensor.
Older computers were simpler and would behave in the fashion perfworks describes. For example, the first generation Miata would go open loop at WOT or at 4000 rpm, whichever came first. The current Proteges are far more complex.
Keith