Not sure, but I do believe the GT500 monikier is under Shelby's ownership. Althought I thought there was some kind of rule that is associated with time that pertains to such.
Either way, same crew will be working on it...SVT...so the only thing diffrent will be the name. Either way, the name would be a winner...Cobra, or GT500.
Dang...I like GT500....has a ring to it  How about adding two letters to the end of it KR 
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64 1/2 "D" code Red Mustang Coupe.
Red Baron,
2000 Perf Red Mustang GT. 5spd. Stage 2 CNC heads with Large Valves, Comp Cams (270-274 dur .550 lift), Forged Crank, DRP pistons, Manly H-beams, Pro M 87 mm Mass Air, 24lb Inj, 75mm TB, Plenum Spacer ,Long Tube Headers, Homemade H-pipe, 2 chamber Flows, 4:10's, Steeda Tri-Ax, LKW 70/30's, Eibach Drag Springs, Steeda SubFrames, Battle Boxes, Rear Girdle, Adj uppers, Alunimum Drshft, Southside Lift Bars.
Project Cars, 64 1/2 6cyl coupe, 1930 Model A Nostalgia Rod.
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