Over the Back Fence: Is This The New Toyota AE86?

The sphere of blogo has been abuzz about a new rear-drive Toyota model that would revive the AE86 ethos. That is, the Corolla coupe from the 1980s that's still a many splendored model to import and drift kids and aficionados of Japanese classics. Now, World Car Fans spotted a spec rendering in Japanese magazine Best Car, where the story of a new Scion, possibly riding on a Fuji Heavy Industries (Subaru) platform and costing in range of $12,500. Will Toyota's new interesting car division follow through? Only Doc's Delorean knows for sure. [World Car Fans]