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Just seeing the info coming in now.....
1.3L engine
CVT transmission
MPG: high 30's

Well, well, well – it looks like Toyota's iQ is coming to the U.S. after all, only it will be (as reported) sporting a Scion badge. Makes sense. Especially as according to Scion, the world's smallest four-seater is aimed squarely at a very young demographic. Not just young, but hip and urban, too. In fact, we were told that the iQ represents a "new urbanism," and is a vehicle for a "progressive buyer." We can hear Glenn Beck's aneurysm from here.

As for details, the "mini-er, smart-er" iQ sports a 1.3-liter engine delivering its not-yet-divulged power through a CVT. Mileage should be in the high 30s, which is reasonable but far from overwhelming for such a small package. The iQ will also ship with stability control, traction control and ABS, as well as ten – count 'em – ten airbags, as well as the industry's first-ever rear window bag. As for now, that's the whole story. We'll update you on price, performance specs, and on-sale date when we know more.
 

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Don't be surprised if we see the iQ a lot sooner than winter. A good hint to a up coming iQ release is the update on Scion's websites. Recently Scion created a iQ section on Scion Canada's website and Scion USA's website. Mid 2011 is my expected release date
 
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