It sems like it all depends on whether or not you own one.
(Actually I think that any "Cobra like" car sold by Shelby can and should be called a Shelby Cobra. It's when others try to sell a "Cobra like" car and call it a Shelby Cobra is when the problems start. As for the questions about how to categorize it; kit, component, real, replica, or whatever, that is not a question that needs to be addressed when it is a car that is "Cobra like" and purchased from Shelby. IOW, the question only applies to those who sell kits and replica's.)
But stay tuned, there is a hairy little lawyer in New Jersey who should be weighing in any second now.