The current / old Jazz is a great all round car, and probably the best description of an automotive pint in a quart pot.
My father has had a couple and they've got loads of strong points. He loves them to bits as he can get in and out without hurting his knees (front seat height) and he can shove tonnes in the boot, both seats up and down.
However as a younger person, they leave me a little cold. They are just a little sterile and non descript in too many areas for their own good, styling included. I suppose the word that best sums it up is - efficient. Don't get me wrong, this makes a very good car technically, but not a car I would "want" to own.
Certainly, looking at the report, Honda have built on the original cars strengths but it still appears to be a little bland. Personally, I think a warm or hot halo model would do wonders for the entire Jazz brand.
It should be remembered though, that the grey pound is becoming ever more important in the UK, so in some ways, why are Honda worrying? If they wanted or felt they needed a "youthful" car, I am sure they would have designed a "Euro" version in the same way as they have done with the Civic and Accord.
It's all about the twisties....