Highlights:
"Looks to be the new Cobra or now known as the 2007 Shelby Cobra which will replace the old name Mustang SVT Cobra.
Claim it will produce 550hp and the 0-60mph time could dip below 4.0 seconds with a standing quarter mile in the low 12's or even high 11's and will have the GT's supercharged aluminum 5.4-liter V-8 and a stiffened, toughened version on the (Ford GT)GT's live axle with coil springs and an anti roll bar. It also will not weigh that much more then the Mustang GT which weighs in at 3520.
They are saying by getting rid of the IRS and putting in the solid axle they will be saving $70 million in development cost.
I guess we'll have to wait 3 days for the opening of the NY Autoshow to see more pics. Could find any on Fords media site which I access to.