I finally got to talk to "friends". Turns out things are a little better than I thought. The basis for the bad rumors has been because Ford has officially canned the Adrenalin project and officially announced the end of production of the Lincoln LS and the Ford GT this year. Added to the mix was a recent announcement of the absorption of the SVTOA into some larger, broader organizaton. Furthermore, there was a rumor of the disappearance of SVT badging from the GT500 and rumors of the cancellation of the S197 Bullitt, Mach I, and Boss Mustangs.
At the same time there were the recent layoffs of a bunch of Ford employees. It turns out some of the rumors have been fueled by these folks :).
Other sources I trust just let me know that as far as they know SVT badging is still planned for the GT500. Also, Roush currently has the Mach I and Boss vehicles and it appears Ford is delaying them until after the GT500 rollout. Apparently Bullitt is off the table at the moment but no one knows for sure.
I guess the plan is that SVT, Ford Racing, and FRPP are going to "merge". They will still be making high-performance products and it's likely they will still be badged SVT. This internal organization is mirrored by the merging of SVTOA into TFR. None of this is all that bad, as it turns out, at least I don't think so anymore. It looks, at the moment, like Ford is simply restructuring to weather their current issues.
So, I retract my earlier comment. At least for this year the plan still appears to be a full on production run of GT500. Hopefully it continues for while :). I personally cannot wait to see what the Boss will be like. Given its Trans Am heritage I'm anticipating an IRS rollout on the one :). S197 in road race trim is on my current list of dream cars, heck, has been since 2000 or so :D.
Dan
2003 Cobra convertible With some stuff and things