Well, what MT.com actually says about it is this:
NOTE: The Predator is a strategy tuner designed for stock and mild bolt-on cars and can not account for modifications such as CAIs that require retunes on 2005+ Mustangs. This product only works on 2005 GT Mustangs and will not work on 2005 V6 or 2006+ Mustangs.
MT.com is correct in saying it won't work on 2005 V6. If you go to DiabloSport.com, and look up the Predator, the 4.6L GT is the only version of the 2005 Mustang that is available. However, DiabloSport does have it available for the 2006 GT as well, so I'm not sure about MT.com saying "...will not work on ...2006+ Mustangs".
I think the more correct statement is, "...it will not work on 2005 or 2006 V6 Mustangs.", as DiabloSport is saying it will work on the 2005/2006 GT models.
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Go Slow or Go Fast. I really don't care. Just GO! 
Year & Model:
2005 GT 5 Spd
Dyno Numbers:
Zero. Dynosaurs are extinct.
Quarter Mile Time:
It's 25% of the time it takes me to go a full mile.
Mods:
Installed:
SLP LoudMouths
Steeda Complete C.A.I. Kit
Motive 4.10 Gears
SCT X-Cal2 Tune (By American Muscle)
Sequential Taillights
Next:
Hurst Short Throw Shift Kit
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