I was just putting together a post with the same thing, I adjusted your title to catch more eyes.

Here are some more pics. I was e-mailed today:

 

How much?

 

Believe it or not this is the shortened version of the press release after I clipped it.

__________________________________________________ _____


The most powerful factory-built Ford Mustang in history will take to the street next year, following a unique collaboration between performance car legend Carroll Shelby and the Ford Special Vehicle Team (SVT).

Ford took the wraps off the 450-plus horsepower Ford Shelby Cobra GT500 show car at the New Year International Auto Show March 23. Designed in the unmistakable image of Shelby Mustangs of the 1960s, the Shelby Cobra GT500 melds SVT's modern engineering with the big-block performance that made the original GT500 the king of the road.

A production version of the GT500 will go on sale in 2006, continuing the high-performance lineage of the SVT Mustang Cobra model line. It will be followed by a steady stream of performance products developed by SVT, possibly including a version of the production-intent Sport Trac Adrenalin, the industry's first performance sport-utility truck.

The production GT500 will be the first in a string of specialty Mustangs that SVT will help deliver. This will create Ford Motor Company's – and one of the industry's – broadest product portfolio, stretching from under $20,000 for the V-6 Mustang coupe to the 450-plus-horsepower GT500, each offering performance and value.

The GT500 and the production-intent Sport Trac Adrenalin teaser accelerate the wave of momentum at SVT since the launch of the 2005 Ford GT supercar. SVT also now will develop non-SVT branded Ford Division performance vehicles – including heritage-based performance Mustangs in the spirit of the 2001 Bullitt GT and 2003 Mach 1 – as it becomes more directly integrated into Ford's mainstream product development process.


Shelby Cobra GT500's supercharged 5.4-liter DOHC V-8 produces over 450 hp


Just as the original Shelby GT500 was the "step up" to big-block power from the GT350, the new Ford Shelby Cobra GT500 steps up to Ford's 5.4-liter "MOD" V-8. The result? The GT500 is the most powerful factory Mustang ever. Its supercharged 5.4-liter, 32-valve V-8 evolves from SVT's experience with supercharging the "MOD" engine to deliver more than 450 horsepower and 450 foot-pounds of torque.

The cast-iron-block, four-valve engine is force-fed an air-and-fuel mixture via a screw-type supercharger at 8.5 pounds per square inch of boost. Aluminum cylinder heads, piston rings and bearings sourced from the Ford GT program bring a high level of proven durability to the drivetrain, while upgraded cooling components promise longevity. "Powered by SVT" camshaft covers are the finishing touch to the engine.

The engine has been further tuned from its first application in a Mustang, the 2000 SVT Mustang Cobra R, a limited edition model of 300 units.

Helping to put the power of the GT500's supercharged V-8 to the pavement is a T-56 six-speed manual gearbox. The evenly spaced gears mean less stirring is needed to find the "sweet spot" in keeping the revs "on cam" for power to pass, while at the same time making the most of the engine's broad torque curve. The heavy-duty transmission has proven itself a willing companion to V-8 power in Mustangs in both road and track environments, including the 2000 SVT Mustang Cobra R, 2004 SVT Mustang Cobra and the new race-winning Ford Racing Mustang FR500C.


Great power requires great control


The GT500 features a MacPherson strut independent front suspension with "Reverse L" lower control arms, and a solid-axle, three-link rear suspension with coil springs and a Panhard rod for precise control of the rear axle.

This rear suspension design has been validated on the track by Ford Racing. The race-prepared Ford Racing Mustang FR500C was purpose-built from the base 2005 Mustang body structure and suspension geometry to run in the Grand-Am Cup series, a class of road racing for production-based cars. Competing against the best from Germany and Japan, a Mustang FR500C competed in and won its first ever race in the season-opener at Daytona International Speedway in February 2005.

To match this power and handling ability, SVT fitted some of the biggest brakes in the business to the GT500. Fourteen-inch cross-drilled Brembo rotors up front and 13-inch discs in the rear continue SVT's legacy of great-braking Mustangs. Secure footing is provided by 19-inch wheels wrapped in high-performance tires.

The snake is back – Legendary looks with SVT function

The unique rear fascia features strakes inspired by the Ford GT's integrated rear airflow diffuser, and a rear spoiler reminiscent of a classic GT500. To mark the collaboration of two Mustang performance icons, the GT500 features Shelby and SVT badging.

Continuing the snake logo tradition of past-generation SVT Mustang Cobras, as well as late-model Shelby Mustangs, the fenders each feature an updated design of the Cobra. For the first time on any SVT Mustang, the front grille features an off-center snake in place of the standard running horse. "GT500" is emblazoned inside the side rocker stripes, and the name "SHELBY" is prominently featured across the rear deck. The SVT logo can be seen on the wheel center caps, a signature SVT location, as well as on the doorsill plates. To top if off, the "gas cap" medallion between the taillights reads "Shelby GT500" centered on the Cobra image.

The interior is completely wrapped in ebony black leather, including the top of the dash, door panels and center arm rest. Also wrapped in ebony leather are the shift lever, shift boot and parking-brake handle. SVT Red leather seat and door panel inserts provide a marked contrast to the rest of the leather-trimmed cabin, surrounding the performance enthusiast with luxury and comfort. Snake logos embroidered into the seat backs finish the package.


"We've taken leather design trends to a new level by using it on almost every exposed surface in the GT500," says Rogman. "Leather has long been a performance fashion accessory for enthusiasts, from jackets to racing gloves, so it perfectly matches all the other driving oriented cues."


The Shelby GT500 script and Cobra image are repeated on the steering wheel cap. Behind the wheel are titanium-faced gauges swapped in location so that the tachometer is dominant visually for the driver. The chrome accessories inside the cabin have been replaced with a satin aluminum finish, including the aluminum shift lever knob that is nicely positioned for quick, positive shifts of the six-speed transmission.


"SVT has been and will remain the leader in performance vehicle engineering and marketing," says Martens. "SVT remains unique in offering the total performance experience. The return of Carroll Shelby to our performance family only strengthens our firepower."

 

Aparently these got out early because Ford has taken these off of internal sites within Ford.

 

Ths info I posted above said the entire interior (including the dash) is wrapped in good leather.