Guy at the track yesterday had a redfire 3V GT like mine....very clean, attractive car. Watched it go 11.8 @ 116, so I stopped over to chat with him.
It was N/A- he had heads, cams, intake, headers, 4.56 gears, full suspension, major weight reduction (tubular k-member, major interior gutting), etc. and was on bias-ply Hoosier QTPs if I recall correctly. The car didn't even have side mirrors anymore, wasn't street legal, and was trailered in.
Impressive for N/A, sure- but to keep things in perspective, my 8 PSI Paxton blown, non-intercooled, automatic, stock valvetrain, stock exhaust manifolds, stock 3.31 gears, stock converter, stock suspension blah blah blah full weight '05 GT went 12.03 @ 114 the same day, and I drove it to the track and home.
It depends on your goals I guess. For me, I like the tame street manners that my blower let's me have, while still managing decent ETs.