Hope it is acceptable to post this here even though it applies to all '94-'04 Mustangs...
Just wanted to give kudos to a very nice gentleman named Tino Santoni at Santoni Steering Wheels in Ft. Lauderdale, FL(http://www.customwheelwraps.com/) for a very nice job creating a replica FR-500 steering wheel at a reasonable cost.
The original FR-500 (M-3601-B) wheel comes up on eBay and various other sources occasionally, but a nice one typicially has gone for $500+. If you can live without your steering wheel for a couple weeks (or if you have a spare), Tino can do a nice replica in just about any color combination you want for just over $300. I had mine done with the black perforated sides (similar to the original), but with the Dark Charcoal leather on the top and bottom for a bit of contrast. I'll admit that it's a hair thinner than the original FR-500 wheel, but still has a nice soft feel to it.
It's too bad FRPP discontinued it, but here is a great way to have a close replica done by someone with many years of experience.
Pic of the wheel before installation:
Close-up of some serious stitching:
Finally, mounted up and ready for some driving: