Honda made an announcement yesterday (9/4) that they would start selling a new hybrid model called "Insight" next year and would show a sample at the coming Paris Auto Show in October. The new Insight will be sold at around $20,000, cheaper than the Prius. Pix in the following site:
http://www.honda.co.jp/news/2008/4080904a.html

Any word on the mileage?

Could be my next car if the Volt ends up being $40k.