I saw it this morning. Pretty sure it is a BMW because it left the same time with a new Z4 and a M3. It is smaller than the 1 series.

 

that is the bmw/mini manufacturer plate #, so you are correct.
can't help any more than that though.

 

Maybe Z2?

 

http://www.youtube.com/watch?v=8fE3n...s-convertible/

2 series cab

 

Thanks! That is the same thing. But I doubt it will be called the 2 series. Unless BMW is going to have the 2 series cheaper than the 1 series... nah. Maybe this is the new FWD I read about? Regardless of performance, I am sure this is a huge market for an inexpensive convertible for less than $30k with a BMW badge on it.