The 5.0 Coyote is hands down the best bang for the buck car you can buy as far as power. It also handles reasonably well in stock trim for a car with a solid rear axle (hands-down better than the 04 and earlier, Terminator Cobra excluded). I'd say drive it and if you like it, go for it. Mods are cheap and plentiful, and you'll have way more options than you did with the Z.
Back in January, I almost bought a 2011 5.0 6-speed instead of my NISMO... it was 2 years newer, 15k less mileage, and 2k cheaper. But I just didn't want another Mustang after testing the Z. It's head and shoulders above the SS Camaro and FR-S I looked at though.
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2009 370z #206 (all mods are Home Depot)
2009 Ducati 848 (full Ohlins, Termignoni, etc)
2003 Grand Cherokee (long arms, big tires, 4.56, lockers)
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