Ferrari Millechili Update

What it is: A lightweight two-seater (2200 pounds or even less) loaded with Formula 1 technology. In many ways it will be a successor to the Enzo, but instead of adding power, Ferrari will add lightness. Don’t worry—the Millechili name won’t be making it to production.

Why it’s important: F1 goodies make their way onto a road car. The technology and light weight will make this car spectacularly quick but also fuel efficient.

Platform: A derivative of the F430’s aluminum space frame on a slightly longer, 104.3-inch wheelbase. The mid-engine layout will carry a new V-10 of unknown displacement making upwards of 600 horsepower.

Noteworthy technology: Active aerodynamics will manage airflow over the vehicle, thus reducing drag.

Competition: Not much in sight as the current crop of supercars (Bugatti Veyron, Lamborghini Murciélago, Mercedes SLR McLaren) are either too heavy or expensive to be considered worthy competitors.

What might go wrong: Not much. The idea of an ultra-lightweight Ferrari sounds plenty good to us.

Estimated arrival and cost: Production is set to begin in 2010. An estimated 300 cars will be built over a couple years. Start saving your Benjamin Franklins as the successor to the Ferrari Enzo will be at least $500,000.