Why yes, yes it is.
I did mine about 2 years ago, sadly there was a kit, but ford stopped making some of the parts in it so it has been discontinued. HOWEVER if you find a wrecked SVT or half gen ST then you can get the rear brake stuff off of it and transplant onto your car. That's what I did, my brake "kit" is off of a totaled 2003 SVT. A bunch of us 2nd gen guys have done it, there should be a how to on here someplace.
-VonKrause-