From this month's Road and Track:
"While the smaller Porsche (reportedly named "New 356" internally) will share its mid-engine platform with the upcoming VW BlueSport turbodiesel and the Audi R4, the power source will not be a 2.0 liter turbocharged inline-4 from the VW/Audi parts bin as originally thought. Instead, the latest rumor is that Porsche is developing a horizontally opposed 4-cylinder, in keeping with the company's long-standing tradition of boxer-type engines. turbocharging will enable the New 356's engine to produce 250-300 bhp."
Dude, they may want to forget the 914, but mid-engined watercooled turbocharged boxer four banger with 250-300 bhp? THAT'S MY CAR!!!!