Yes I did hear the chime, but stopping power was definitely not nearly powerful enough under the circumstance.
As soon as you depress the brake while also depressing the accelerator, motor torque is cut. There is also a double chime/dong sound and a message is displayed on the driver information display. If you have firmware version 4.3 or later, you will have the brake override.
For this to work you have to depress the brake, though. I almost drove over a jogger in a Prius once when the sole of my dress shoe caught behind the brake pedal. The only way to prevent this is to use your left foot for braking, and your right foot for accelerating. This is what I have done since the jogger incident.