Although they might be using another name for it. It will still be based on the Toyota ist sold in Japan. The ist/xA will be all new and might even be offered in the US with a new, more powerful 1.8 Liter engine.
blech.. unless they can get the ridiculous gas mileage that they get out of that 1.5/6 (whichever it is) it's worthless.. I wouldn't want it even if it didn't make the car more expensive. scions (other than the TC) are about being really cheap and economical.. a 2.4 doesn't sound like it would work well with that.