The strongest embodiment of that let's-have-fun spirit is the convertible configuration.  While previous MR2s have been fixed-top or just T-top coupes, this one pulls out all the top.  And folds it down neatly-and manually, for less weight and complexity.  Unlike the Celica's, the front and rear ends of the MR2 integrate well.  In fact, front and rear are so symmetrical that they can almost be interchanged!  People will either love or hate the exterior.  Those for it will think it friendly and classical; for the other camp it'll look like a frog.

The lack of a roof has never been good for structural integrity, but the MR2 is reinforced to reduce any shaking or unwanted twisting.  In keeping with the car's simple nature, steel is used throughout the car, instead of more expensive aluminum or exotic materials.

The same functionality extends to the car's interior.  Sadly, the interior design is shamefully bland and dull for a car with such performance.  It's slab-faced and individual elements clash with each other.  In this department, the MR2 is thrashed by the MX5's smoothly-flowing dash and thick-rimmed Nardi steering wheel.

The engine should be familiar by now-yes, it's the same 140-bhp 1.8 liter used in the Celica.  The transmission is limited to a 5-speed manual, although an automatic will probably be available later on in the U.S. and Japan.  Tires are 185/55 front and 205/50 rear, mounted on 15-inchers that look suspiciously like those on the Honda S2000.

Still, this car is not a direct competitor to the S2000, which is priced at around $35,000.  The MR2 is aiming for the likes of the MX-5 or Britain's mid-engined MG-F with a base price of about $20,000.

The MR2 lives up to its promise of fun by offering brisk performance: 0-100 km/h should be below 8 seconds.  The car tackles twisty bits with verve.  Body roll is minimal and handling is quite responsive.  Credit the large tires and the light weight: just 975 kg.

Light weight, adequate power, well-tuned suspension: just what the doctor ordered for these two revitalized sports cars.

Much like its bigger brother, the MR2 has been put to a weight-reduction program. In the end, it has been turned to a Miata-eating roadster.
Mid-engined, rear-wheel drive. Toyota has really gotten serious about claiming the budget roadster throne...with a 0-100 km/h time of less than 8 seconds, it should be able to do it without any fuss.