So I'll bump this thread to add some comments and observations.
I've now driven a 2007 Mustang GT Coupe, and a 2006. The 2007 was bone stock, the 2006 had Magnaflow cat-back, an intake of some sort, and a tune from a handheld programmer. Both were manual trans cars, as I certainly wouldn't buy one with an automatic...
As a former G35 owner, I'm going to list a brief comparison of the two cars and "score" them to see which comes out on top.
--Price: Mustang
--Exterior styling: Stock, G35, but with a few minor tweaks, Mustang
--Interior: G35, different league really, but the Stang is pleasant enough
--Engine: Mustang - about the same power, but more potential and better sound
--Clutch: Mustang, not as grabby as the G35
--Shifter: Mustang
--Comfort, front seats: Mustang - has room for me in a helmet
--Comfort, rear seats: Tie - G35 has more leg room, Mustang has more head room
--Cargo space: tie
--Fuel economy: G35 (estimated, but it's likely a small advantage)
--Aftermarket: Mustang - huge aftermarket!
--Durability: G35's have some clutch and trans issues, Mustangs apparently are pretty robust
--Repair cost: I'm assuming Mustang wins here
--Parts availability: Mustang
--Handling: G35, but Mustang felt fun too, especially with a few tweaks
--Hooligan factor: Mustang!
--Ease of finding a used one close by: Mustang
--Sound: from outside, they're both awesome, inside the cabin, the Mustang is straight cool old-school muscle car
So there you have my opinions. The S197's I drove completely erased the old quivering, bump steering fox bodies from my memory. I think I've changed my mind about what I'll shop for, although I'm not really going to be serious about shopping until next spring.