As a previous poster mentioned, that is just basically a re-badged FT-86.
The reason why the hood is so ugly as it is is that they couldn't make the original hood of the FT-86 (which was a beauty) pass pedestrian crash inspections so they had to bloat it out and make it as hideous as it is right now. The original design had such a low engine hood because it was using the Subaru flat 4 engine. Now they raised the hood and it ruined it all together.
That's not the only thing they ruined in that car. The original car was suppose to be no more than 1200Kg and in the price range of 20,000 US$. Now it's going to be much heavier than that and much much more expensive.
The original idea was a beautiful fun pocket rocket for everyone out there. The current progress suggests a 4 cylinder 370Z competitor which is a joke if you ask me.