INCREDIBLE! I finally looked under the Talon today. The carnage is from cylinder #3 ONLY, just as I theorized after hearing Darryl's perception of the event.
#3 was the cylinder that came in contact with the valves earlier in the year which must have caused a slight bend in that one rod. I wish I would have taken the time to know this before hand.
The carnage is not quite as horrific as I imagined since it all came out of a 1-2" wide slot in the oil pan and block, but it does include some pricey items:
Minimum parts required to rebuild:
An engine rebuild...
$350-(1) New set of Aftermarket rods (#3 is in half)
$400-(1) New set of aftermarket pistons and rings (#3 is messed up now)
$400-(1) 2.4 Block machined with oil squirters drilled and installed(2"x3" window hole)
$50-1) New oil pan (1"x5" long hole)
$75-The crank may be salvagable but would need checked and maybe machined
$75-250-Check the head for valve and surface damage
$150-Entire new set of bearings
$100-Entire new set of gaskets
$50-Repair of a hole or two in the new Fluidine radiator
$5-Repair of a hole or two in the driver front tire
$1655 Total destruction
My fabrication skills are pretty good and I have friends that can do what I cant. a LS1,2, or 6 with a 6 speed sounds pretty good. Add some turbo action a healthy rear end and drive shaft with some transmission tunnel modification... That would be sweet.