According to the Freep, Ford will do a mid-cycle freshening on the 500 for 2007. This is probably to mark when the new 250HP Duratec 35 3.5L V6 ("Cyclone") is introduced. The Duratec 35 is a badly needed upgrade for Ford, finally catching up with competitors such as Nissan, which have been building 3.5L V6s for some time. This should also shut up all the media critics who keep complaining that the 500 does not have enough power--even though it has a 0-60 time of 8.6s, which is not bad for a large car.
In other 500 news, BlueOvalNews reports that Ford is going to increase the CVT build rate, and phase out the Aisin Warner 6 speed. Take that, you doubters who thought the Ford CVT would be a flash in the pan, like GM's ill-fated Vue program. The Ford CVT is a different design than GM's, and does not have the same reliability problems.