The rumor mill seems to have picked up a little wind to keep churning intel regarding the next Ford Mustang and its potential powerplant.  Facing contenders, the Chevrolet Camaro and the Dodge Challenger, Ford has to do something progressive to keep the fire burning inside every Mustang fan.  Stuff.co.nz recently conducted an interview with Bill Osborne, President of Ford Australia, and sniffed out some details regarding Ford’s initiatives for putting the 5.0L V8 (from the Aussie Ford Falcon) into the next S197 Ford Mustang.

Nothing solid has come from this interview from the Motor City, but with Ford’s promises of bringing more rear-wheel drive tech from the land down-under to the states, we have to believe this could be a promising endeavor.  After all, what better way to attract one of the strongest Ford Mustang followings, the 5.0 Fox Mustang crowd, toward the newest generation of Ford Mustang?  This might just be the golden ticket, straight from the chocolate factory.

If the 5-oh reaches the 2010 Ford Mustang, there are many choices Ford will have to make. Will they drop the motor straight in from the Falcon?  Will they utilize a cammer concept or perhaps something from the Saleen Parnelli Jones Limited Edition Mustang?  Best yet, will the 5.0 reach every GT or will it be limited to a new Mach 1 or even….gasp….a new-generation Boss?

No matter what happens, this is some of the most promising news we’ve heard about the newest Mustangs coming.  Speculation abounds, and it’s fun no doubt, but it is good to hear something from an actual Ford official.  Now, we just have to get in line—the “hurry up and wait” game has begun.  We heard you—it’s your move, Ford.