Like its Subaru BRZ twin, and the Toyota GT-86 not sold in the U.S. (at least in name), the FR-S is the fruit of a Toyota-Subaru partnership--thankfully biased toward the Subaru end of the spectrum.
At about 2,700 pounds, with 200 horsepower at the crank, and a tight, short-shifting six-speed manual transmission, the FR-S has the foundation of a good sports coupe. Add to that some rather impressive suspension tuning that balances minimal body roll with ride quality that's fit for daily life, a well-built and handsome interior, and a price tag around $25,000, and you have one of the most fantastic cars released in 2013.
It's behind the wheel, not on the spec sheet, where the FR-S really shines, however.
Steering is precise, if not exactly feedback-laden, but it allows you to place the car wherever you'd like, repeatably. Experienced shoes will find the pedals just as good at turning the car under the right circumstances, with brakes and throttle allowing a masterful dance of trail-braking and oversteer. Slightly stiffer rear springs and bushings give the FR-S a touch more tail-happy behavior, though by our calibrated butts, the result is a car that's simply neutral--which is just about perfect.
While you won't be hauling four people across country in the FR-S, the rear seat is surprisingly spacious and useful (once you're back there), and the trunk has plenty of room for a couple of carry-on or overnight bags. Plus, it gets a very respectable 22/30 mpg city/highway in manual transmission form--not fantastic for a small four-cylinder car, but well within the range for a sports car.