Return of the Audi S3 for 2007?

Details are sketchy, but it seems Audi Netherlands confirmed a new Audi S3 will arrive sometime in 2006. The hot version of Audi's hatch was last seen in Europe in 2003. No word on price, arrival date or fixins, but the engine is reported to be a GTI-grade direct-injection 2.0-liter turbo four. Rumor has it an RS3 is also in the works. Could it be a swank cousin of the a VW R37?

Audi S3: Confirmed! [German Car Blog]

Related:
You Are There: Audi A3 3.2 Quattros Hit Dealership; More on VW's Alleged Golf R37 [internal]