Yeah, supposedly. So far all we can do is wait until it goes into production. You can do a google search to read articles on it, but they haven't shown any pictures of what the car will actually look like, or any specifics. All I've read is that it is supposed to be a hybrid that is smaller than the HCH and priced lower.
The wait time will give you the opportunity to do some research and save some more money.

If you're not part of the solution, you're part of the precipitate.