Yep, 1974 to 2004, 30 long years...
www.carbodydesign.com
Although it was a Pinto (not a whole lot unlike the first falcon based mustang), it did have the 302 V8 as an option.
Design History: 1974 Mustang II – from sketch to production - Car Body Design
The design story of the 1974 Mustang II, the model that thanks to the lighter, smaller platform achieved success during the challenging times of the mid-1970's. Includes sketches and photos of prototypes and design models.
Although it was a Pinto (not a whole lot unlike the first falcon based mustang), it did have the 302 V8 as an option.