Our buddy Adam Zillin over at 7Tune.com has been closely following development of the FT-86, and at a recent Toyota press event in Japan, Adam took the opportunity to get the latest scoop on everybody's favorite car of the future.

Contrary to reports that the project had been delayed, Adam was told that the car is still on track for a release in November 2011, with development about 50% complete.  Meanwhile we still wait for word on how much power the car will be packing when it hits dealers.

Slowly but surely, the car is shaping up. Can the fall of '11 come any sooner?

For more, head over to 7Tune.

-Mike Garrett