I assumed J Mays made a mistake in that speech, but if Ford intends to release a stripper V8 Mustang my guess for equipment would be:
Complete V8 powertrain including 3650 transmission and 8.8 rear end
Electric windows, locks, A/C, Single CD player, and probably Cruise Control
Cloth seats
No fog lights
V6 wheel package
Fox3 5.0 Sport (LX Sport) cars contained the complete V8 powertrain, and it is probably cheaper for Ford to not offer crank window, manual lock, and other option deletes than to simply build all the cars with the same basic equipment.
If J Mays didn't mis-speak, I bet Ford sells more like 250000 '05 Mustangs. Wouldn't you sooner have a 300 HP V8 Mustang than a 175 HP Honda for $20000 (US) ?
-Matthew