Hmm ... my mistake. I was always under the impression the center console weighed more than that. Oh well ... I'd still delete it in favor of something simpler - relocate things to make the use of available space more effective. Makes the interior seem a little less cramped when it's not full of decorative, cheap plastic poop.

Although the smoothed and painted console above does look pretty killer, too.
Now that I think about it ... who the heck needs a mirror button, anyway? I've adjusted mine ONCE since I bought it two years ago. Might as well convert to manual mirrors (were those ever available on the '87-'93 models?) and not bother with relocating the button when getting rid of the center console, and then just move the cigarette lighter ... er, sorry, the POWER OUTLET (because NOBODY should smoke in a 'Stang) to someplace just under the passenger-side dash, out of sight and out of the way (but still within reach for stuff like a G-Tech meter, radar detector, or whatever). Then, just figure a nice, clean way to fab a frame for the A/C controls and/or radio, fit some boots for the shifter and handbrake, and ta-daaa! You're set.
Probably not worth bothering with armrests, now that I think about it. When I get to a point where I'm not using the notch for a DD anymore, I doubt I'll be doing any long-distance driving in it enough to ever miss the center armrest ... or maybe even the door armrests, now that I think about it. (Painted aluminum panels, manual windows, and no power locks? Hmmm...)