Sho-Kid,
Just like what SDPatt said, if you are a decent mechanic for DIY...then you can definitely tackle the job.
I first prepared myself by purchasing a shop manual from Ford and another one from Chilton's. After that, I bombarded everybody with questions regarding my maintenance plans here in the SHO Forum...most expecially SDPatt. It helped me a lot...definitely boosted my confidence. Once I have a list of all the parts that I needed eg. timing belt, serpentine, sensors of all sorts, thermostat, water pump etc... I ordered them on-line. SCPatt's list is your bible for parts...keep it in good shape! Anyway, it took me at least almost 2 months to gather all the parts in my possession...then I started last weekend.
As we speak, my SHO is currently on jack stands. So far, I had replaced the water pump, CPS sensor and front main seal...Slowly but surely, I am making progress with my work. If SDPATT takes about 10 hours...it might take me twice that time...better be absolutely sure than be sorry. Good Luck, give it some careful thought and tackle the job with confidence. Best of all, enjoy the moments.
(I have the instructional video, if you want to borrow)...