Well I just bought the car and it has 222000+ miles on it. It had this problem since I bought it just last weekend. It won't shift into park, just reverse. The shifter is in park, but just doesn't click into the gear and stays in reverse. First I started to go for the linkage adjuster because I thought it might have slipped, but I couldn't get to it, which is a good thing because that wasn't the problem. I looked the problem up online and found a forum that talked about this problem happening and it was a bolt under the driver dash that had loosened. I looked under the dash and after a short amount of searching, I found a loose bolt. Tightened it up and everything is back to normal as far as the shifter is concerned.

Transmission indicated misaligned. Read repair manual that stated it could be adjusted so I looked into it. Discovered that a portion of the line holder under the dash (a white plastic piece with one screw) had snapped off. So I took it off to purchase the replacement part via Ford, when it was explained to me by Ford parts department that I would have to purchase the entire indicator (approx: $20 to $30, not happening) just to get a $2 to $3 small plastic part. They must have some really good drugs for the parts department crew. Well I ended up improvising, by disconnecting the cable, removing the adjuster nut and adding an additional nut on the cable then I reconnected the through the plastic holder, replaced the adjuster nut and attached the cable. Adjustment to the line was then accomplished with the shift lever in the Drive position with a 8 to 10 lbs weight to hold it steady. Adjust the added nut first to line up the indicator with the "D" then tighten the adjust nut finger tight, shift back to Park and all is done. Hope this helps all that will have this problem in the future or that have had this problem.