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Who doesn’t miss the Honda S2000? Especially now that we have the BRZ/FR-S. There may be hope, a new S2000-type roadster may be in the works at Honda. According to GTChannel an unnamed source within Honda says the company is working on a new compact rear-wheel drive sports car to compete with the Mazda Miata and Scion FR-S/Subaru BRZ.

The car would be small, probably even smaller than the Mazda MX-5, and come equipped with either a 1.3-liter or 1.5-liter inline-4 with i-VTEC. If the latter, it could well be the current engine under the Fit’s hood that can produce up to 132 hp. The car would be very light, about 900 kg or right at about 2000 lb., making it very quick and agile. It would of course be rear-drive, and come with a 5-speed manual gearbox. Our source says he would like to see the car priced around $20,000. There’s even talk that the “S1500” may come with a mid-engine layout, a la the Honda Beat.