Sorry I disappeared guys, but you guys definitely had some good arguments while I was gone!
Agreed with what most of you guys are saying, not much is known about the FT-86 and it will be underpowered. I've always driven an "underpowered car" (Honda's) so I'm not too spoiled...yet.
The WRX *is* more practical here in the northeast, and I would LOVE to get my hands on one but finding them unmolested, used, and at a reasonable price, is pretty much impossible. There's an 05 Legacy 2.5GT, 5spd, clean, but it has an accident record. Too bad since they only sell for $7k on average (for one with 80k miles).
I've been talking it over with the wife and we're probably going to wait till we find a low mileage 05-06 350z (with the Rev-Up engine) till we take the plunge. There's a clean 08 350z w/36 miles that will probably sell for $17-$18k, but wifey feels uncomfortable spending too much on a used car....