I was told the PINKS! show is supposed to air some time in late October. Like the 18th or 25th or something. Should be on at like 9-9:30pm. It is quite possible that will change though. The best thing to do is watch the commercials for the show. For right now though, October it is.
The car to look for is a 1990-91 Ford Mustang LX notchback. It's a dark red, almost a Maroon color. The owner is named Jimmy or Jim. Him and his buddy are from North Jersey and/or Long Island. Regas is the guy I know who asked me to help out. He is from Mt. Holly, NJ and his shop is Ellas Automotive & Performance. The race was at Maryland International Raceway otherwise known as MIR. MIR is in Mechanicsville, MD and they usually give the listing by the town the track is in and not necessarily the race track. It may also be listed as Budds Creek, MD. You can see some pictures of the filming at MIR here: http://www.mirdrag.com/v2/news/2006/060801-01.htm
This is a photo of the cars that ran:
The black Mustang has a turbo setup. I wasn't there so I can't give exact info on what was under the hood. The red car in the back is the one I helped build. It's a solid 10 second car and is probably good for high 9's. From what Regas told me, that black 'Stang was supposed to be a 9 second car also but was probably closer to the 8.5-7.9 second range. So that is basically the race you are looking for.
If I find out any more info, I'll pass it on. At least there is some evidence that I'm not bs'ing anyone. I still can't say what the result was though.