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In my opinion, the '09 Fit is an evolution of the outgoing, with subtle improvements in engine, suspension and creature comforts (e.g., tilt/telescoping wheel). Styling is an altogether subjective area, whereas one either likes the new one or the outgoing version better. Since I'm getting an '09 this fall I'm probably a little biased towards the new, however, I could see myself having a different opinion if I currently owned an '07 or '08.
Simply put, there are certain things on the new Fit that annoy me, such as the inability to get VSA as a stand-alone option, no steering wheel mounted radio controls (save for nav models), no sunroof option, no rear disc brakes, etc. However, when viewed on the whole, I think the current (as well as the former) generation Fit is perhaps one of the best values on the market in terms of technology, performance, reliability and Honda's legendary resale value.
I'm coming out of an Acura TSX, so I'm going to miss some creature comforts, but am totally looking forward to driving a practical, yet fun car that I hope to enjoy for many years to come.
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