Here's a link to a thread on F-150 regarding a brand new (2 week old) 03 Cobra that blew up........there are two threads, this one has photos of the tear-down.
http://www.f150online.com/forums/showthread.php?s=&threadid=112171
http://www.f150online.com/forums/showthread.php?s=&threadid=112171