Everyone here is a bit behind the times. This was on autoblog in August 2007 with way more detail and full sized scans. Basically this is a result of Toyota's "Committee to create interesting cars" and is going to be a resurrection of the small, light and cheap RWD concept. The engine that they're planning on using is a 1.5L 2NZ-FE good for about 120hp. With an all-aluminum build it'll probably be a hell of a lot lighter than the iron block 4A-GE. They are keeping the weight of the car down as much as possible and they intend for it to come in as close to 1 ton as possible while retaining most of the modern creature comforts. Rumoured release date range between Christmas 2008 in Japan and mid 2010 for the rest of the world and the sticker price is to be below 1.5 million yen (that's approximately $14-17K). And yes, I'll be grabbing one of the first ones that are sold in Australia.