In light of recently-introduced, all-new "ponycar" offerings from Dodge and Chevrolet, Ford's upgrades to the 2010 and beyond Mustang might seem comparatively modest, but they are more than just skin deep. A thorough rethink of the outgoing Mustang, which was redesigned for 2005, the 2010 refresh gave it a modern update of the 1969-70 model.

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Outside, the revised 'Stang gained a more muscular look with some vintage cues -- most notably triple vertical tail lamps that illuminate in sequence like Shelby-modified Mustangs of the 1960s did and a new front fascia. Increased-diameter wheels and tires, starting with 17-inchers on the base V6 models and moving up to the 19-inch wheels (optional on GTs) not only help Mustang deliver an increased presence on the road, but they help improve handling and braking.

Ford also redesigned its grille-mounted sprinting pony; it gained a slightly more chisled look than before and it comes in a new tinted chrome finish, though V8-powered GT models offer a black-chrome variant for the first time ever.

Inside, the Mustang's interior looks similar to its predecessor's, but every dash, seat and console surface has been redesigned and formed of higher-quality materials. The instrument panel top, no longer made of hard plastic, is now integrated with the rest of the dashboard, improving quality and cutting assembly complexity and costs.

The center stack controls are essentially Ford parts-bin pieces, though they're from the automaker's freshest products, meaning you may or may not recognize them. The latest version of Ford's Sync connection system, which now features 911 Assist and a vehicle health report program, is available. Dual front and seat-mounted side airbags are standard, though side curtains don't make an appearance here, signaling the age of this platform.

Underhood, Ford continues to offer two powertrains in base V6 and GT models. The V6 is essentially a carry-over from the 2005 full redesign, which means you'll find a 4.0-liter single-overhead cam engine mated to either a five-speed manual transmission (with revised shift linkages) or a five-speed automatic. It puts out 210 horsepower at 5,300 rpm and 240 lb-ft of torque at 3,500 rpm.

The optional 4.6-liter V8 â€' which is denoted by the GT trim level, is based on 2008's optional Bullitt package engine, named after the famous Steve McQueen film. It puts out 315 horsepower at 6,000 rpm and 325 lb-ft of torque at 4,250 rpm. To enhance the driving experience, Ford has managed to pipe the rumbling intake noise into the cabin, giving the GT model a movie soundtrack-esque growl. The GT offers the same five-speed transmissions as its less-powerful sibling.

Chassis revisions are designed to tighten up the suspension without negatively affecting ride quality and the steering has been lightly retuned for better feedback and a slightly lighter feel at low speeds to increase maneuverability.

Both models are available in base and Premium trim levels, which net buyers a Shaker 500 audio system, Ford's Sync system, Sirius satellite radio, leather seats and unique interior trim regardless of engine. GTs come standard with 18-inch alloy wheels.

Mustang has long offered a wide variety of optional equipment â€' and the 2010 model year is no different. Enthusiasts should take note of the optional Track Pack, which includes a 3.73 rear axle, dual piston front brake calipers and a revised stability control that allows for more tail-out maneuvers before intervening.

New options on V6 and GT Premium models include a navigation system, automatic climate control and a reverse camera system whose lens is integrated into the rear spoiler. A glass roof again makes an appearance and, late in the 2010 model year, high-intensity discharge headlamps will be available.