Thanks for the link to the exhaust system Maple. Looks nice!
As to the hp ratings, I think the XL-7 must use larger pre-cats and perhaps a larger diameter y-pipe compared to the stuff on the original 2.5.
My 2.7, which shipped today, does include the pre-cats, so hopefully I'll end up w/ close to 185 hp.
So I got started tonight on extracting the old motor. Here is a shot of the patient in my garage with the hood removed:

At this point, the following has been done:
Air filter disconnected
strut brace removed
radiator and shroud removed
vacuum lines disconnected
heater hoses removed
fuel lines disconnected
exhaust bolts holding y-pipe to cat removed
wiring harness partially disconnected

This is a 4x4, so I'm wondering if it would be easier to unbolt the engine from the tranny before pulling it out? Looks to me like it will be more work to disconnect the transfer case from the tranny than to disconnect the engine from the tranny. I'm not sure how easy it will be to deal with the torque converter if I leave the tranny in the car. Any thoughts?