I love reading these kinds of threads. Ford prepares for every possibility with every model. They of course have a Raptor on the atlas platform, but they have had all kinds of concepts that were kick ass that never saw production either.
As of August, I was told that SVT does have a next gen Raptor, but it had not got the nod from the glass tower. That said, the GT500 is a good seller, and Ford has a next gen Shelby ready to go. The Raptor is every bit as good a seller as the gt500 has been, so I can't fathom that even the bean counters at Ford would want to see the Raptor cut.
Ford will build something for sure, if not, they aren't utilizing SVT for its full potential, and it has to cover its overhead at the very least. The real question is- if the new body s550 mustang precludes the 5.8, thus ending the GT500, (its over for that build regardless what you read out there) the GT350 will be equally as compelling Im sure, so would we be seeing the same thing happen on the Atlas platform? If the 6.2 is phased out, does that fundamental change keep it from being a Raptor? I don't think so in this case. It doesn't take a doctorate in economics to realize that canceling the raptor would be the biggest mistake Ford could make, especially since the raptor doesn't have the Shelby name to use to make a smooth transition like the gt500 to gt350 will be.
Ford did a gen 2 lightning, so its no leap of faith that the raptor could see itself new and improved, and I am sitting on a 75k mile 2011 wondering what exactly to do myself. Im not quite ready to part with my truck, but if Ford did cut the program, and I didnt trade up to a 2014 in time, I'd never forgive myself. If Ford comes back with a gen 2 in 2016, and I traded in my 2011 on a 2014, it would suck as I could have paid off my 2011 and kept it to have both gens, and would be stuck with only the 2014. (Either case not a terrible scenario as I still get to own at least one, but ideally, waiting is probably the right thing to do for me.)