With the Metallica soundtrack on the teasers, I was frankly looking for more on the reveal. After watching the Ford video, I hopped over to TFL's breakdown of it, and it looks like an incremental improvement over the Gen 2. Nice, but if I had a Gen 2, I don't think I'd rush out to replace it...
Interesting, so 15-20 catback exhausts won't bolt on, but what if (on the 5.0), you took a set of (15-20) longtube headers, and mated those to a catback exhaust... that sounds like it might work :)