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A few of us around the Autoblog offices are eagerly anticipating the oil burning fight about to take place at this year's Le Mans. Audi's dominance of the field last year made for some entertaining races, but for 2007, the R10 may finally have some serious competition.

The Peugeot 908 HDi was recently unveiled, and apart from looking the biz, the V12 diesel is laying down 850 ft.-lbs. of torque and over 700 HP. The images in our gallery can only begin to do such a beast justice, so Peugeot released a video of the 908 running the Le Castellet circuit in the South of France.

The video is after the jump, and if you haven't had the chance, be sure to check out the pics of Audi's newest rival.

[Source: YouTube via Jalopnik]