I see the S2 styling cues from the M250, but what were suppose to be the differences? Did the M250 just evolved into the S2 Elise? Was the M250 suppose to fill the slot between the Elise and the Esprit?
I may be wrong, but the Fed Elise is already a Boxster competitor. It may be on the spartan side, but if Lotus offerred enough options and a 6 cyclinder engine, the Fed Elise would fill that position, epeically at $38 to $40,000.
I wonder if the M250 will be resurrected as the next generation Esprit?
I agree with Thomasio with the NSX look in the rear.
When this car was being developed the Elise was more focused and further "down market" than it is today. The Elise S1 was out and there was no A/C, carpets, power windows etc. The M250 would have competed with the Boxster in that it (I am assuming) include all the creature comforts that a Boxster has like A/C, power windows etc. The Elise was introduced at about $30,000 US and the Esprit is at $90K so a car in between would seem logical.