I started a thread just like this a while ago.
I had similar posts too.
I think it's lame as hell and in very poor taste to be an imposter. Adding a few select parts that DON'T say COBRA on them is fine, same with rims. SVT rims look good on any mustang. The moment you bolt, tape, or glue any part that says Cobra onto a car that doesn't have the VIN to back it up, that's as ricey as a type R sticker on a ****subishi. You might as well go all the way and add the ugly primer body kit and a goofy ass wing installed upside down. This goes for badges too.
And for the trolls who think "If it's faster than a cobra then it's ok" I call BS... Fast is just a part of it but not everything. There's much more to it than that, and if you don't drive a real one you won't understand. It's a matter of pride. Pride in ownership. Imitation is not flattery in this case. It's an insult. Any goober who builds an imposter car deserves the ridicule and embarassment they brought on themselves. It doesn't look good. Its posing at it's finest and it's lame as hell.
You might as well stuff a pair of socks in the crotch of you pants. It's the exact same thing...
To those who think "it's their ride, they paid for it, let em do what they want to it", I agree with you. Freedom is a wonderful thing. That isn't going to stop me from calling the losers out on their lameness at every opportunity though.
Money can buy performance but it can never buy good taste. Just watch any episode of "Cribs" and you'll see what I'm talking about.