BMW planning Z2 roadster?

With rumors already circulating about a successor to the Z8, German car magazine and Photoshop showcase Auto Bild has launched speculation about a downmarket Z-car to slot in below the Z4. The rationale? With the demise of the Z3, BMW is left without a small 4-cylinder sports car to compete with the likes of the Audi TT, Mercedes SLK and Mazda MX-5.
Although the Z2 has not been given the official green light, rumor has it being considered for a 2010 launch, a year after a redesign of the Z4. Salient characteristics of the small roadster:

• shorter and narrower than the Z4
• four-cylinder powerplants, ranging up to a Z2 M-Series turbo offering 300 hp
• its own design theme (not a mini-Z4)
• lightweight construction
• future Speedster and M-Series variants

[Source: AutoBild]