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I just noticed on Toyota's website that the 2005 Tundra has:
4.7-liter DOHC 32-valve EFI V8 with VVT-i
282 hp @ 5400 rpm
325 lb.-ft. @ 3400 rpm



5400 rpm is kinda high for a truck, they must have upped the red-line a bit.
My '02 4.7L makes 245 hp @ 4800 rpm.
The new engine does make 37 additional ft-lb @ the same 3400 rpm my '02 peaks.

The big engine Tundra won't be available till '06 as an '07.