I purchased the 02 V6 Mustang because my insurance went up due to the horrible crash history of my 2000 ZX2. I gained almost 50% more hp for about the same monthly payment and, because it's a V6, my insurance only went up $40/yr. Niether one has a back seat, but now I have tons more leg room and a significantly better-driving vehicle.
The car looks and handles great. Good crash record. Great history. Infinite modification capabilities (I've already added a dual exhaust and upgraded the air induction and crank pulley).
A V6 with the Mustang name on it should be pushing over 200hp - Acura and Dodge can do it with their V6s. Offer it with the Ford 4.2L V6. Get some better-looking interior plastics.