If you haven't been following Ford's H3T competitor I hear it is pretty much a go and will be on sale 2010 or 2011. Ford are pushing the Raptor as, "The first and only Baja 1000 Trophy Truck you'll be able to buy from a dealer." Which may be a bit of a stretch, but it's got some nice features:
Fox reservoir shocks
12" front suspension travel
Front/rear lockers
33" or 35" tires (I'm guessing 35's)
Boss 6.2L V8
I doubt it's going to be much for rock crawling, but should be nicely set up truck for desert running, pre running, etc.