Only Mustang by name, design is not even close to the car. Its their attempt "EV SUV" ( I still think its more crossover than SUV).
Ultimately, using the Mustang name is nothing but positive for Ford. It's a lot of extra discussion happening, and ultimately no one interested in such an EV will be put off by the Mustang name.
You just get internet whining about how "That's not a "real" Mustang".