Motor Trend is reporting Subaru's version of the Toyota FT-86 (aka Toyoburu) will be underpinned by a revised Legacy platform with an Impreza rear suspension. This should result in a comfortable chassis that isn't too soft when the roads turn twisty.
While the FT-86 will feature a naturally aspirated 2.0-liter boxer engine with approximately 200 hp (149 kW /203 PS), the Subaru model is expected to use an updated 2.0-liter turbo with 260 hp (194 kW / 264 PS). Both models will have a six-speed manual (from the Impreza), but an automatic transmission will likely be offered as well. Unfortunately, all-wheel drive doesn't seem like part of the package.
Styling is expected to be virtually identical to the Toyota FT-86, as all body panels will be shared, but the Subaru version will feature a unique grille, modified bumpers, and different wheels.
The car will likely go on sale in 2013 with a base price of $25,000+.