All around, the best of all pre-2005 Mustangs. 320hp but it can be short-shifted at 2000 rpms and can start off in 2nd without lugging; can skip gears. Excellent throttle response at all engine speeds. Ride is good, not harsh. Get 25-26 on hwy. Traction control is helpful; it is easy to spin the tires, especially on wet roads. I have one as my daily driver; it is less common than the standard GT; 60 more HP, better steering, larger brakes from the Cobra, subframe connectors, better (Tokiko) shocks. Noise is a little high, but not bad on the highway. Get the 5 speed manual; it's the only way to go! Will probably hold value better than all but the Cobra models.
320HP; great V8 sound; manual transmission. Can short-shift at 2K rpm; no need to wind out the motor. This car still accelerates RAPIDLY in 3rd gear. Great passing power. Not as common as the GT. Good brakes, excellent mileage (25-26) for the power.