As most have stated, I'm looking forward to a 2006 Cobra UNLESS the price has gotten out of hand.
If the Cobra is too expensive, then I'll get either an 05/06 GT coupe or vert. My wife supports the Cobra, thank God! I may lease whichever car I get, so mods won't be an option. Just not sure what to do with the 94 GT as I only have a 2-car garage and I'd hate to see it just sit outside not being used (it's always in the garage now when not in use). The fact that the new style has more major visual references to the 60's stangs than my 94 is probably enough reason to look forward to another stang. My first stang was an '83, so may it's time to part with this one and move on.
Cobra power will probably be a tad more than 2003, like around 400 - 410hp. Remember, the Cobra will have the new bodystyle as a major change and probably offer (as in the past) a different hood, suspension, and wheel/tire combo. I would really think that the Cobra would not see a major HP or even moderate boost until 2008. Remember, Ford is going to rely on the new bodystyle for a couple years to generate sales, before adjusting thier prized pony. Also, special models will probably roll out too that will offer performance between the GT and Cobra. It's what they've done in the past AND it has worked quite well. That's my guess.