I have a 95SE 2.5L Duratec. Water pump went out around 100K miles. Dealer replaced water pump went out again 107K miles. First one was the typical shredded fins. Second one was a leaky/cracked pump. 118K miles now and no other probs (besides dirty IAC).
I love my Contour to death, but my 'vette is still my #1 baby. There's money to be made in racing. I should know. I put a lot of it there. You can make a small fortune in racing. Start with a large one. How fast do you want to go...how much money do you have? You can fix a lot of things, but you can't fix stupid!