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Ford debuted the “all-new” 2007 Ford Shelby GT this past weekend via their first installment in their web based documentary, “Bold Moves: The Future of Ford”. We’re not quite sure why they call this all-new, since it’s basically a warmed over Mustang GT with a few parts out of their own catalog thrown in. Nevertheless, people will buy up as many as Ford can produce.

Yes, the new Shelby GT does have an upgraded suspension over the current Mustang GT. Developed by Ford Racing’s engineers, the Ford Racing Handling Pack includes stiffer dampers, and a thicker front sway bar. Overall ride height has been dropped by an inch-and-a-half to reduce body roll. All these upgraded suspension components have been powder coated and painted in Ford Racing Blue. Woop-ti-freaking-doo! Under the hood, a front strut-tower brace has been added to strengthen the chassis.

Ford Racing has also equipped the Shelby GT with the Ford Racing Power Pack, which increases horsepower from the 4.6-liter V-8 to 325-horsepower from 300. Torque has been increased to 330 pound-feet, up from 320 pound-feet. This power increase comes from a 90 millimeter cold-air intake, as well as new engine management software. The exhaust has been equipped with a new X-pipe crossover for better flow of exhaust gasses. To make use of this extra power, Ford has equipped the Shelby GT with a shorter rear-axle ratio, and a Hurst short-throw shifter for manual models.

The Shelby GT is pretty much identical on the exterior to the Hertz Shelby GT-H, with the exception of the stripes. The only two colors available are black with silver racing stripes, and “Performance White” with silver racing stripes. The front of the Shelby GT features a front fascia that is unique to the Shelby GT and GT-H. The brushed-aluminum grille is also new to the Shelby GT, as is the new hood scoop. Shelby has also added scoops just before the rear wheel arches. No word on if these are functional, but we suspect they are purely aesthetic. The styling is topped off with Shelby badging on the trunk lid. To individualize each car, the Shelby GT features a plate of authenticity on the dashboard, as well as under the hood.

No word on price yet, but we expect the Shelby GT to come in anywhere from $5500 – $6500 more than a nicely equipped Mustang GT. Of course, we could be totally wrong here. The bottom line is that this is more of an appearance package with some fancy bolt-ons from the Ford Racing catalog. If you wanted to build this car out of your current Mustang GT, you probably could with ease. The model designation might be all-new, but the car definitely isn’t. We REALLY hope this isn’t all Ford has up their sleeves in their “Way Forward.”

Our friends at Jalopnik have posted the video on YouTube.com. Check it out at after the jump.