The new era of the Mustang that came from this is the overhead cam v8. Only a 4.6 liter, it created large amounts of power for its size. Between the loss of the 5.0 and the complete body redesign, in 1996 the Mustang GT was unrecognizable compared to the earlier generations of Fox body Mustangs. This new era may have been brought on by legislation, but was much needed. Many people had the opinion that Mustang was falling behind in technology, and some believed the car to be serverly underpowered. Some were sad in this change, but many welcomed it. The major thing it signified is loss of not only needing wrenches to work on your car, but a laptop as well.
