Ponyfreaks brother has a turbo V6 Mustang, I think it's an 01 as well. I think he put 400 to the wheels on the stock block, $2400 in the whole car.
I am a big fan of the 3.8. It also won't crack down the middle at 500WHP.
Edit: 4,000+lb race weight
It just might work. Too bad you guys can't win in a fair election. Hell, it looks like even though your parties supporters are breaking the law, they still can't win.
I was looking for paint/body ideas for inspiration and ran across these, this is THE cleanest Fox engine bay I have ever seen:
http://i200.photobucket.com/albums/aa37/KAILUAZ/flatblack3.jpg
http://i200.photobucket.com/albums/aa37/KAILUAZ/flatblack2.jpg
http://i200.photobucket.com/albums/aa37/KAILUAZ/flatblack.jpg
If you follow Kenny's link it mentions Danny Elfman is the front man for Oingo Boingo. He wrote the score for almost all of Tim Burton's films, the Simpson's Theme, and many others. He also did the music for the video games Fable and Fable II.
No, they can't. Those will never fit.
Buy a cat back exhaust with a free flowing muffler. Go with a 2.5". Drive slower when you want to be efficient. Spray the car when you want to go fast. That is the most cost effective way to do what you want. You will have money left over from your budget.
Also, take back the useless K&N you bought; it doesn't do anything for you except get your MAF dirty.