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I bet tha when the production Coyote come out its numbers are not 400 hp and 400 tq. I am sure they will be a hell of a lot better than the 4.6's numbers but not as high as talked about.
As for the Chevy's it will be like old days. Ok, so Ford now has a 5.0L so now we will add a more aggressive cam. Then Ford will counter with something. Remember, its a chess game between the two companies. Move and counter move.
As for us as owners, its no reason to wait to buy a car cause you will never actually buy one you would just keep waiting forever until next years model. I suppose if you had money to burn you could just get a new one every year though.
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