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I looked at the Fit first, but test-drove both auto and manual Versas before the Fit.
On paper the Versa was better--had more interior features and creature comforts, cheaper by about $2000 in Canada...
The driving and handling didn't grab me though--it was not memorable at all. The exterior look to me resembles a PT Cruiser, too (ugh!). Finally, the rear seats didn't fold flat to the floor.
The Fit's interior is inferior in several ways--seats aren't as comfortable, no dead pedal or armrest... in the end though the Fit was the right mix of fun (re: driving) and practical (easier to haul bikes and larger objects), and the Honda name promises reliability, and that's a promise I hope will be kept.
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