To be honest I don't know exactly how much it has dropped... I just fitted the supplied springs and that is where it sat. Kings say it is a 30mm drop, But I feel it is a tad more than that. Its not too bad, but I am glad I went back to 225 rubber as there would DEFINITELY have been rubbing issues with the 245's it had on it. Over larger dips I do get the familiar slight scrub at the rear but it is not what I would call bad. Just the top of the tyre touching the inner splash guard.
As for the exhaust, mate its all hooked up. The stock exhaust is split just after the rear axle and goes into 2 x twin tip sports mufflers. It was on the car when I bought it. It not loud... in fact the car is no louder than stock... if anything there is an ever so slight note to it, but if you did not know you wouldn't look for it.
Here is a pic of the underside showing where it splits:
It seems that the exhaust pipes are a talking point on the car, everyone seems to notice it!
In other news the LED tails are in. I have a very slight issue with the reversing light globe holders... they are a different shape to what comes stock on the Aussie Camry. No big deal, I will try and source some globe holders for them from the USA.
Here is a pic, I will take some car shots very soon.