Quote:
Originally Posted by porcupinekiller
But with a very different and much more advanced implementation including a high performance tune with the inclusion of launch control, etc.
The GT Mykey is a valet (detuned, low-rev limited)key. It takes away performance and detunes the baseline GT where as the Red key adds performance to the already stout Boss 302's 444 HP. I'd bet the pcm in the Boss is probably unique to its application. 
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Still, it's just managing certain things via the PCM. It's not like the Boss 302 is going to have two different PCM's, it's the same PCM with two different strategies available.
The MyKey of today is more than just a fancy valet switch. With MyKey, you can control not only the revs, but also set a top speed limit, limit the audio volume, etc. It's all done by creating a specific program in the PCM that automatically activates when a particular key is used in the ignition.
In any case, it's a cool idea that allows Ford to provide the Boss 302 with an "off-road" performance strategy without having to take the car somewhere to get a "tune" and not have to worry about any warranty issues.
Most like it, but some will just hate it for no other reason than it's offered by Ford.