What, the Ford Mustang Shelby GT350 wasn't bad enough for you? It's about to get even more badass. Tell the Chevrolet Camaro Z/28 it's on notice, because Ford says this is the most track-capable street legal Mustang ever.

Here's what we know so far: that wonderful flat plane crank V8 with at least 500 horsepower and 400 pound-feet of torque; Ford's first ever magnetic ride suspension; 130 pounds lighter than the GT350; and no air conditioning or a rear seat.

More details to come.