The exterior looks great - really good but I'm not sold so much on the interior. It will probably age poorly.
If they can build that though for £18k or so, then they should be onto a winner.
As said before, they need to watch the weight if its got 160bhp - I can see why they've kept power down though if they're aiming it at younger drivers. Trouble is in this day and age, we're used to hot hatches with 200plus bhp and a weight to match.