I think the Blizzaks are an awesome tire for those that don't have a choice about driving the Stang in the snow. My suggestion would also be to put that T-Lok in before the snow starts to fall. People might want to check out Firestone as they run a promotion on these tires around this time of year, and even though they are an expensive tire, you can finance them, and you get free spring/fall tire swaps through them. Also great if you don't have an extra set of rims lying around!
While the Blizzaks don't give you a license to go back to norma everyday aggressive driving again, their snow and ice traction make a huge difference over all-weather tires. On dry roads, they work pretty good, but on just plain wet roads, I found myself spinning the tires more often than I would have liked to.
I was thinking of picking up a winter beater as well, but haven't sen any POS Civics for sale that I could garbage up with 368 go-fast stickers.