I don't know about the weight being negligible. I've driven steel cab F150's with big V8's and to me there is a huge difference between the two from a handling perspective.
The front end of the big engined, steel cab, trucks plow and feel heavy in turns. Whereas the aluminum cab with the smaller engines feel quite nimble in comparison.
Maybe it's just me.
I don't have any published numbers, but when you look at the engines side by each, there is a significant difference in mass.
I'm personally not minimizing the vehicle weight savings of 500 pounds. In a Gen 1 that's equivalent to a gain of 35 horsepower. I just don't think much of it, if any, came from the power train. Those DOHC heads are huge and with two turbos and all the plumbing, I doubt that 3.5 is a very light engine. Would really love to see the specs.