I have a 2003 Mustang Mach 1 with the same transmission you have, and I experienced the same problem with mine. Whenever I wound it up to anything over 4K RPM I hit a wall going from 2nd to 3rd, making the car useless in a drag strip situation. My nephew bought a 2002 GT and had the same problem. Going from 2nd to 3rd with these Tremec transmissions was a problem for a few years. I bitched enough to Ford because mine was new then, that they pulled my transmission and replaced the syncronizers and replaced the clutch with a heavy duty clutch. I also installed a short throw shifter and my tranny works just fine now. I just slap the shifter with the palm of my hand into 3rd and she squeals the tires. Goes into 3rd every time. Check with Ford regarding the syncronizers in that Tremec tranny to see if they will replace them as they did in mine. Yours may not be under warranty now, but that is the problem, and that is the fix.