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Last rumor I heard was Toyota might do "their own" 2nd gen, using a Toyota engine - and Subaru can figure out if they want to compete or not. But that was some high level of speculation. Toyota had said they plan to have 3 rwd sports cars - one priced under the Twins and one over. The more expensive one is the Supra they are developing with BMW. No official word on the cheap model planned. That said, I feel Toyota might be less confident they can move enough units to make two sports cars in the $20k's. Maybe they just replace the FRS with an MR2?
With the serious lack of updates year over year on the Twins, I wouldn't hold my breath for anything.
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