I hear Ford is going to change the name of the Five Hundred to Taurus for 2008. Now why didn't they name the car Galaxie 500 to begin with?
The Freestyle gets renamed to the Taurus X. http://www.autoblog.com/2007/02/07/fords-mark-fields-announces-bold-move-bring-back-taurus-and-sabl/
Heh, putting the name Taurus on the 500 makes it sound like a cheaper car. They should've left it the 500 and came out with a wagon version.
I see the "new" Taurus as competing with the Fusion, which actually seems to be a pretty decent car according to car reviews. Instead of just renaming the 500, might as well have just gotten rid of it all together.