If you think your parents would give you some cash to have the stripes painted on, you would be better off. I had the vinyl stripes on my 06 V6 for about a year and they had already started to chip in a couple of places on the front bumper and hood. I ended up losing the stripes and had my hood painted 2-tone when I got the new Cervini's Concept Hood. The possibilities are endless, but I'd try to get it painted rather than using a vinyl kit.
SWEET Mustang you've got there! I had originally been skeptical of the new 2010 body style, but since I started seeing them more often, I want one bad now! haha Enjoy!

__________________
White 2006 Mustang 4.0L V6 w/ Pony Package
- Cervini's Concept Hood (2-tone) w/ Functional Ram Air Kit | BBK Cold Air Intake | SCT SF3 Tuner w/ 91 Octane Performance Tune | GT-style Grille w/ 6" Fog Lights | Performance White Exterior | Gloss Black Rear Spoiler and Blackout Panel | Black Leather Interior | Carbon Fiber Dash Trim