This is what I would do:
C&L Plenum: $200
C&L Mass Air Kit: $300
70mm or 75mm Throttle Body: $200
Performance Chip (Diablo or similar): $225
Upgraded Shifter (like Steeda Tri-Ax): $175
Ok, that's just over a $1000, but close. If you have a 5 speed, the shifter upgrade is awesome...doesn't add HP, but you will love it. I would also consider gears as the above post mentioned, but you will spend about half of your $1000 if you need to pay to have them installed. The geers run about $150 to $200 plus installation AND you need to pay another $100+ or so to re-calibrate your speedometer.
The prices I listed are estimates, but should be close. How much hp gain depends on who you believe, but it will be a bunch.
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My Stang:
2000 Mustang GT Vert - Steeda Tri-Ax Shifter; C&L Plenum; BBK 75 mm TB; Steeda Strut Tower Supports; Black "Deep Dish" Bullet Wheels; FRPP 4.10's; Steeda Subframes; SLP Catback & SLP Catted X-Pipe; SCT 4 Position Chip with 3 custom tunes; Steeda CAI; Venom-1000 Nitrous; Roush Stage 3 Body Kit; Bullet Suspension Package (on the way)
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