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80's Granada front styling aside, the foxbody shares enough shape and size with the Mustang II for it to be a believable evolution. The biggest leap it made style-wise, IMO, was between the 4th gen and the original retro 5th gen. That only worked because it reminded the general pop of the original well-loved car.
Really? I thought the Fox looked a bit like a glorified Ford Escort Mk3, but that's just me... certainly looked nothing like the original Mustangs, and only a vague similarity with the Mustang II.
I'm a former Ford lover, now the Mustang (in current form) is one of the few Ford vehicles I like. If they kill it, or turn it into a generic looking 4 cylinder car in an attempt to please the Japanese and Europeans, then there won't really be anything for me to like about them anymore.
As I speculated before though, everyone seems to be taking the word of one single journalist a little too seriously. I'd be quite surprised if the next 'Stang was a dead ringer for the Evos (and even more surprised if it was 4-cyl only - Ford is a bit slow sometimes but it's not completely insane), but I can certainly see how a genuinely new (i.e. not retro) Mustang with some Evos styling cues could work.