No it's not, the 5.0l is rated at:
4x2 - 15 city / 21 highway / 17 combined
4x4 - 14 city / 19 highway / 16 combined
Even in 4x4 the new GM 5.3l beats the 2WD 5.0l I still say the 5.0l is a good engine though and if Ford goes to an aluminum frame, mileage will go up but so will price.
There are guys getting 17-18 with a 5.0 4WD.