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5.0L (1979-1995) MustangTechnical discussions on 5.0 Liter Mustangs within. This does not include the 5.0 from the 2011 Mustang GT. That information is in the 2005-1011 section.
Well... That would be a good place to start, but I would still expect a pop or something...
Check for spark, then if you have none make sure the rotor is spinning (as weird as it sounds, it could have killed a distributor gear or broken the shaft out of the blue). Then start doing the harder checks...
edit: If ya saw that, sorry.. If ya didn't... Cool.