Camaro this, Challenger that; Ford's had enough. The iconic Mustang has been worked over for the 2012 model year, and while it looks more-or-less the same up top, there's more than a few tweaks beneath.
The Shelby GT500 remains king of the corral, but power is now up from an already impressive 402kW, to 485kW. You read right: 485kW.
All that power (and 813Nm of torque) comes courtesy of a massive makeover for the current GT500's supercharged V8, including a displacement bump from 5.4 to 5.8 litres and a new 7000rpm redline.
Other upgrades include a cross-drilled block and heads, new camshaft profiles and a carbon-fibre driveshaft. Getting the boosted power to the wheels meant tweaking the transmission further, so there's upgrades there also, including the clutch and axle.
Top speed is pegged at somewhere about 320km/h (Ford hasn't declared a number yet), and the 0-100km/h time is listed at... well, that one's a secret that Ford is holding until this week's LA Auto Show.
As for the question that burns in the hearts of all local Mustang fans: will we ever see it in Australia?
Not this one, but with Ford heavily committed to "One Ford" strategy, there will be few excuses if Ford Australia deprives us of the next-generation Pony.
In the meantime, you'll have to get in touch with one of Australia's few importers - and deprive yourself of an arm and a leg.