Well, I have put these myths to rest by spending the time and money and see for myself if in truth the 3.7L engine is capable of more power/torque/mpg.
I spent $780
JBA SS short headers
Dynomax UltraFlow
K&N Cold Air Intake
Fastman ThrottleBody
Autolite Iridium XP SparkPlugs
After upgrades, multiple tests were run for 2 weeks and these are the results...
+ 19hp
+ 11lbs/torque
+ 0.36MPG/city - 0.80MPG/Hwy
So, I will say that even though there is no great gain overall, it sure sounds better, runs much smoother and therefore no regrets on the investment.
PS. I only use Royal Purple products for the engine, transmission, transaxle and differential. Also the $780 did not include labor charges as all labor was done by me.