Yeah, although there is some flexibility in the term I think. Most people would include all the early Mustangs, even the ones with an in-line 6. Most people would still include the current 5.0 liters. Maybe not all the ones in between. I don't know if you got the Mustang II in Australia but maybe not that one...yuck! But for sure a Mustang with a 289 V8 is the one that kicked it all off.
Not sure if people will use "pony car" for the electrics, but I wouldn't rule it out. They can go from 0-100kph in under 4 seconds
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