Thanks to a loose-lipped Facebookian that couldn't help sharing insider information and a quick follow-up post from Inside Line, we can now confirm the return of the iconic 5.0-liter Mustang GT for 2011. Even better news is the fact that the Mustang GT's new mill will crank out an impressive 412 horsepower.

By way of comparison, the 2010 Chevy Camaro SS has a 6.2-liter V8 with as much as 422 horses when mated to a six-speed manual and the 2010 Dodge Challenger SRT8 has a 6.1-liter Hemi that offers 425 ponies. And remember, both of those rivals are considerably heavier than the Mustang.

As much as we'd like to unload more goods on the 2011 Mustang, you'll just have to wait until Ford's good and ready. Or someone blows another embargo, whichever comes first.

Thanks CPU! A major US magazine just tested the new camaro, dodge and mustang GT with the current 315 HP engine and they still picked the mustang, just wait for the new engine!

Great, just another car you add $100,000 to the sticker price to own in Australia.

Yep, sux!