This doesn't sound promising to me. I see a small V8 option, V6 option, and a 4 cylinder option. Add the word "hybrid" to the mix and the next Mustang sounds even worse.
I can understand the less interest in retro styling but the global theme makes me think the next Mustang will look like a 2-door Fusion/Taurus.

The sad thing is I see all this happening to the 6th gen Camaro too.
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2011 Summit White Camaro 1SS/RS
-6.2 LS3, TR6060, 3.45, G80
2004 Black Silverado 1500 2WD Regular Cab, Short Bed
-5.3 LM7, 4L60E, 3.42, G80
2014 White Caprice PPV
-6.0 L77, 6L80E, 2.92, G80