TL/DR I like what the car represents and exited about another RWD/manual sports car, but not thrilled with how it looks.
I'm a little underwhelmed by the exterior. You can tell it's based on the previous 370 platform (rigidity was only improved by 10%). I was hoping for them to really go in a different direction. The taillights are pretty nice, but the front grill looks like the designers ust ran out of time when drawing the front end. Really unique headlights...and then just a square. Yes, I know the grill is almost a dead ringer for the 240 Z of old.
Interior-wise I think it's a big step up from the 370 which hadn't really been touched in over 10 years. My only hope is they don't force you to get that horrible colored trim all over. Give me a simple, dark, black interior. Somber, simple, functional, and no-frills.
Performance-wise it has potential. 400hp, RWD, and a manual transmission is the perfect recipe for a great car as long as it isn't too heavy, the weight balance is good, and the gearing is done right.
This car is aimed squarely at the Supra, I'd be curious to see the differences in dimensions and weight. I agree with DFB; the BMW B58 inline 6 in the Supra is one of the sweetest engines on the planet right now. I'll be curious to see how the V6 in this car holds up. I've not seen this car in person, but the more Supra's I see on the road, the more I like them. They have a really eye-catching design that looks far better in person than pictures. The real question is now: Will Toyota give the Supra a manual? Even if they only offer it in the 4-cyclinder version (Europe gets a manual 4-cyclinder Z4), it will be huge.
It's been a great couple weeks for driving enthusiasts. The Toyota 86 test drive embargo ended yesterday. Subaru BRZ ordering window opened two weeks ago and the media events are next week. The 400Z is officially unveiled today. Lots of great new RWD manual sports cars.
I think it's interesting to see the Japanese car makers going to a place the Americans and Germans have abandoned for the most part. The only American sports car now is the Vette and it's competing in a totally different market. Camaro, Mustang, and Challenger are just big, heavy, coupes along with the M4 and C63. The Z4 and Cayman still compete, but are significantly more expensive and only the Cayman has the option of a manual. The M2 is in a strange limbo category all on it's own. That leaves us the Supra, BRZ/FRS, Miata, and now the 400Z. Now it's time for Hyndia/Kia to step up and join the party, but I'm not too optimistic.