Nice updated styling. XRS model 5-Speed manual (Canadian) with a 158hp 2.4 liter 16-valve VVT-i engine used in the Camry, Venza, RAV4 and Scion xB/ tC. Pretty peppy and good fuel economy. Our last long trip averaged 570kms (354mi) to a tankful of 89 oc gas (87 recommended). Simple interior trim with lots of plastic, but well put together. XRS Body kit/ Rear spoiler gives bit of a performance look, but not too overpowering. Flat fold-down rear seats and folding front passenger seat for larger cargo items. 18-inch rims gives a stiffer ride, but not jarring. Radio with AM/FM/CD/Sirius XM / USB/iPod functions. 115V and 12V power taps are a good touch. ABS/TCS/EBA safety features standard.
Update - Apr 2016: The XRS is still going strong. At 70,000kms, the engine has signs of oil burning as oil was missing about 500ml / 0.5 quart- on the last oil change. No lack of power since we first got the car. Fuel mileage seems to be the same, although I find I get better mileage by using higher octane fuel. Engine sounds and performs better on synthetic oil vs ordinary dino oil. (I just get whatever is on sale). Fit and finish (as compared to my old 2001 Corolla S-5M) is not very good. Lots of creaks and groans inside the cabin. Toyota seems to have cheapened out on the interior as some parts do not mate well- Dash and A Pillars seems to rub and has loose-sounding clicking noise, especially when cold. Noticing LOTS of road noise. Switched from the stock 18" XRS rims with performance tires to a stock Lexus IS 17" rims with all season tires and ride and road noise had improved but not tremendously or as good as the older Toyota. You can notice the absence of noise dampening when at highway speeds or when driving during rain as water puddle splashes into the wheel-wells are startlingly LOUD. You can also hear the stereo on moderate volumes from the outside, again, comparing this to old Corolla. An incessant creak and clicking when cornering at normal speeds as if the driver seat is loose and did not 'lock' on, no matter which position you select. This apparently is a known issue. Dealer did not assist here even with an Extended Warranty so I can attribute it to Toyota cheapening out on their seat supplier. Rear hatch damper (shock) has prematurely failed. No longer goes up fully, needs to be pushed further up to avoid hitting your head on the edge. Interior gadgetry seems to be flaky and sometimes non-existent. USB / AUX inputs sometimes work, most of time it doesn't. Factory deck with XM stereo did not last very long as it started to lose volumes on certain channels. Will keep this car until it falls apart, maybe the next 10yrs. Mechanically this should be as good as any Toyota. It's an updated Corolla with additional gadgets and nannies, but I'm afraid to say, I'm driving a 'thinner' car as compared to old one.