there has been numerous post about this on all the corolla forums im on. Frankly like said above it is more than likely not going to happen. There is to big of a market for economy cars right now for toyota, i'm sure making an affordable light weight rwd car is the least of their priorities.
Even if they did make a new one it wouldn't be as fun as the real thing.
Even if they did make a new one it wouldn't be as fun as the real thing.