I really like the base Mustang GT. For less money than a V-6 Honda Accord coupe you've got rear-wheel drive and 300 hp. If you look at it that way, there's no reason not to love this car. There are clearly limitations from the solid rear axle (why do Expedition and Explorer trucks get independent rear suspension while the Mustang car gets a truck axle?), but the car is very true to its heritage and lets you have a ton of fun behind the wheel without looking for triple-digit speeds on public roads. Again, a base GT is about $25K. That's great news for enthusiasts.
I do think the 2010 Mustang needs a serious upgrade to stay competitive with the new Camaro, based on what people who have driven the Camaro have told me. We'll all know pretty soon since the Mustang is expected to be shown at the 2008 Los Angeles Auto Show in November.
Phil Floraday, Senior Online Editor