Cyberspace is rife with speculation about a new small Alfa Romeo convertible, which could be an indicator of one of two things: either the quintessential Italian automaker has got one such spider in the works, or it's just plain old wishful thinking.

Rumors suggest a revival of the Alfa Romeo Duetto, popularized by Dustin Hoffman in The Graduate, which could feature a retractable hard-top for motoring al fresco under the Tuscan sun or closed again for parking in Rome and winding through the Alps.

Along the road to rehabilitation, Alfa's return to the American market will include two unspeakably beautiful convertibles: the Brera-based Spider, and the recently-confirmed convertible version of the 8C Competizione. A third convertible in the line-up would be likely to come in significantly under the price of either (not hard to do in the 8C's case considering the anticipated €185,000 sticker price that's guaranteed to climb with speculation) in the effort to attract a younger clientele. If the upcoming "Alfa Junior" can serve as any indication, we could be looking at an Italian rival to the likes of the Mazda MX-5 and Pontiac Solctice, which again could be just wishful thinking.

[Sources: World Car Fans and Italiaspeed]