I can hear that in my 04. 5 as well. It sounds like I'm getting a ticket, again ( like a siren).
It is a lower pitched whine than the Turbo whistle, and is definitely turbo related, it varies with fueling. When it fades out, the normal high pitched whistle comes on.
I have normal boost, can't find a leak, and I can hear it at idle faintly. I have yet to locate where the sound actually emanates from.
No, its not the hydroboost, power steering, certainly not the transmission, not the coolong fan (that I can tell yet), not the alternator.
The closest I have gotten is the sound comes from the air filter fender snorkel area, so I really think it is the turbo impeller, I just don't know what.