from Hollywood Extra (http://thehollywoodextra.blogspot.com/)
Just like the Scion Xb is based on the Echo, this new Ractis seems to be based on the all new Yaris. Which itself is the replacement for the Echo.
And the Ractis would make a great Scion!
It still has that "square" look, but with an added doze of style. And the interior seems really nice and roomy.
I hope that's what Toyota has in mind as well.
This new model could be tough competition for the new small Nissan...
http://img81.imageshack.us/img81/2413/ractis18fv.jpg
http://img81.imageshack.us/img81/7646/ractis27qk.jpg
http://img81.imageshack.us/img81/3558/ractis33gx.jpg
http://img81.imageshack.us/img81/7963/ractis45dv.jpg
http://img319.imageshack.us/img319/6016/ractis56qn.jpg

further research shows its the new Yaris Verso, now called Ractis
looks like a direct competitor for the Honda Jazz/Fit too
http://autos.blog2.net/ractis/img/img29_ractis08.gif
http://autos.blog2.net/ractis/img/img23_ractis05.gif

http://www.autoweek.com/files/weekart/2005/0328/scion_side.jpg
http://img81.imageshack.us/img81/2413/ractis18fv.jpg

Repost and no.