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you mean that dinky little cupholder that pops out of the console isn't good enough?!?!
I found these insert things that pop inside the ashtray. http://www.latemodelrestoration.com/...ng-Cup-Holders
I didn't see any full replacements for the ashtray though. let me know if you find one, I might switch mine if I find it.
If you can manage to find a cup holder out of a later model mustang you can remove the ashtray and cover assembly from your current console. Then you'll need to cut out a little of the plastic tabs and what not on the inside, a dremmel will work with a cutting bit. Then just put the new one in place.