Everyone's taste is different. I personally don't see why there are people that can say it's ugly but ok. At any rate, this doesn't sound like anything new. I think we have been hearing the promises of it looking more like the original and IRS since the mid-90s. A lot can change in 3 years.
Also it is weird that there is no mention of the 5.0. They just brought the damn thing back. So hope it is a typo and we see a 100 horses per liter.
It certainly makes sense considering they have lots of room for improvement in the current engine with Direct Injection and all the mods they did for the Boss to get it to 444hp.
I really wish they would drop the 5.4 and twin turbo the 5.0 for the GT500/Cobra/SVT model. I guess if they redesign the 5.4 for performance it could be good. Needless to say, I will be in the market by then for a new Mustang.