Well we finally pulled the trigger on the extended warranty, did a little bit of research (mostly price shopping online and called the local dealer). We decided for cost savings to go for one online as prices were due to increase on 11/1 (I will validate that when that date comes).
We ended up going with the one at:
Ford Extended Warranty - Buy Ford ESP Extended Warranty
We looked Anderson & Koch Ford at the BBB and they got an "A" rating which was the best we saw amongst the places we researched which was good as this was also the cheapest place we found.
We selected the $100 deductible for a 7 year duration/100,000 mile duration. Total cost was $1340. Which I didnt think was too bad. The local dealer was quoting me $2600 for the same thing as I had him walk through this website. We also felt better that we were buying it from a Dealership and not just an online warranty sales place authorized to sell Ford ESP's.
Time will tell if we made the right decision. I know there is a lot of debate on these warranty's. But let me tell you we had one for our Chevy Tahoe and we used the heck out of that. It paid for itself time and time again. This vehicle has many more options which translates into much more to break.
Thanks again for your help on this...