I just did both of these on my SHO today. I have no idea how old the brake fluid was in the car; the stuff that came out of the rear calipers was a little dark. The front's seemed to fare better.
I will probably change the brake fluid in this car every 2-3 years.
I used a turkey-baster to siphon out as much ATF out of the PS resivoir as I could, and then fill it back up; turn on the engine to assist the bleeding. Bleed one wheel; slap the wheel back on, let the car down and exersise the PS system for a bit. Shut her down, move on to the next wheel, siphon another resivoir of ATF and repeat.
I'll probably do at least another quart through it later; I did 2 of them today.