Toyota will sell the car as the FT-86 which it showed as a concept two years ago at the Tokyo Motor Show and has since shown with revised styling.
The near identical BRZ concept will be seen for the first time at the Los Angeles Auto Show two weeks from now and can be expected in showrooms in the United States spring of 2012.
It has been a long time coming, and why it has taken so long to materialize is uncertain. Subaru showed the skeleton and mechanicals of the BRZ at the Frankfurt Motor Show in September, but the pic you're looking at is the only released image of the full car.
The BRZ employs a totally new 2.0-litre Boxer engine exclusively designed for the new sports car using direct injection and port injection technology from Toyota - dubbed the D-4S.
The front-engine, rear-wheel drive layout is Subaru's first since its very first car, the Subaru 1500 built in 1954.
The low and flat engine is mounted low in the car to assist with lowering the center of gravity, and by adding a lightweight body, Subaru is hoping to deliver what it is calling "Pure Handling Delight."
The Subaru BRZ Concept - STI will be on show at the Los Angeles Auto Show from November 18 through 27.