One for the F1 fans - what's this?

[Richard Gee]

Come on then F1 buffs - what's this one??

Saw it at Donny at the weekend. Very interesting beasty!!!

http://www.petrolheads.co.nz/content/view/247/2/

[Esprit]

Given the wings and suspension geometry and the stickers, it looks almost more like an oval-racer.

Is the Ferrari badge any indication of the powerplant I wonder?