my favorite modern mustang (oxymoron) is the 2001 cobra convertible. why? 32v v8, independent rear suspension, no supercharger nor the weight that comes with it, clean lines without excessive scoops, etc. in my mind, it's the only one that i wouldn't be compelled to modify, simply because it's pretty much a solid performer and would be fun to own as-is.
the beautiful mrs k has a friend who lives close to us that drives this very vehicle...only in my absolute favorite color, dark blue. i think i should make a standing offer to be first in line if it ever goes on the block. what the heck? i'm rich, right?
....and no, it doesn't meet any of my criteria for owning a car except fun. deal with it!