DVS is still working on adapting the latemodel Cobra IRS to the early (65-66) cars. The later cars are bigger so everything fits within the stock sheetmetal with little hacking. Interestingly, some Toyota Supra stuff actually fits.
I have seen a website discussing a very early IRS system built by Shelby/Ford around the time that the GT 350 was developed. As far as I know, this is complete unobtainium. The parts just don't seem to exist, and no cars are know to exist with the setup installed. I also can't find the site now. My thoughts are that it may have been developed but probably was scapped due to cost. Plus, Shelby was beating everyone with the stock style setup anyway.
A better, easier alternative would be to adapt a trailing arm/coilover setup with a panhard bar. This would be a great improvement over the stock style leafs. The downside is this may be illegal in most of the vintage racing series.