You're dead on. It looks a lot like the P140 car which was scrapped. I think the basic idea at the tail with the rear lamps has some merit but from a composition stand point, they seem awkward. Lotus designs recently have been much more successful.
It's growing on me, especially the front. However, I don't like the oval front air intakes. I think they should have gone with a slightly more square/angular intake, especially around the outside corners, like this artist's rendition:
Still not crazy about the enzo rear, but who knows, maybe that'll grow on me in time too.
Based only on looks I wouldn't kick to the curb... I'd sell it. Between this and the Enzo, Ferrari's aesthetic sense seems to be headed down the crapper. The way those tail lights sit and the front bumper cover both look pretty bad.