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Ford apparently brought the FR500CJ Cobra Jet Mustang to SEMA straight from one of its testing sessions, because there was still plenty of shredded Goodyear rubber lining the fenders behind the rear wheels. The graphics package looks fantastic in person, and we're jealous of the 50 lucky owners who have already placed their orders for the car.

Many of you have been wondering, and we've asked the question ourselves, why the Cobra Jet is "only" rated at 400 horsepower. After all, the GT500, which also features a 5.4L supercharged V8, puts out 500. We asked around at Ford and found that the Cobra Jet has been de-tuned to meet specifications needed for NHRA's AA Stock class. The official horsepower figure has yet to be finalized, but expect it to be right around 400 as quoted before.