Yes, we've run spy shots of the Hyundai's little neo-Tiburon, the Veloster, before. Last time our spies got a shot of it cold-weather testing, while wearing a nearly full-suit of cladding.

This time, well, it still has a lot of cladding covering the nose and tail. But look, there's no black tape on the side mirrors!

For the first time we can see that the center-exit exhaust from the Veloster concept vehicle will make it to production.

But you'll have to make the jump to see that.

Hyundai's U.S. President and CEO, John Krafcik, has previously told us that the Veloster (or whatever it ends up being called when it goes on understanding in late 2011) will be powered by a 140-horsepower direct-injected 1.6-liter four cylinder. In the Accent-sized little four-seater, that should be enough juice to keep things entertaining. The Veloster's tidy dimensions and small-displacement engine will also help the model reach 40 mpg.

If you're thinking that sounds a little like the kind of thing that could turn this Hyundai into a better neo-Honda CRX than the upcoming Honda CR-Z, Krafcik agrees. "Fun and economical, with a great power-to-weight ratio," is how he puts it.

Krafcik claims the production vehicle will look 70 or 80 percent like the concept vehicle (pictured below). So far, we're saying it looks 61 percent like the concept.