FOR under $36,500 the all-new Ford Falcon XT represents the most formidable entry-level large sedan package Australia has ever produced. Going one step up on Holden's billion-dollar VE Commodore, the redesigned FG Falcon delivers an upgraded inline six-cylinder engine that's both more powerful and better sounding, as well as more economical, smoother and more refined. Mated to a slick new five-speed auto, it's wrapped in an all-new bodyshell that houses a much larger cabin and rides on a chassis that sets new ride/handling benchmarks for a locally-produced vehicle. Only the omission of side curtain airbags and alloy wheels as standard prevents the new XT from being the large-sedan bargain of the decade.