Die-hard fans will find that the 2008 Mitsubishi Lancer MR Evolution is one the best-performing cars for less than $40,000. It's the 10th generation of Mitsubishi's iconic all-wheel-drive, rally-inspired sport compact sedan. The “Evo” however has only been available in the United States since 2003 with a year hiatus in 2007.

The 2008 Mitsubishi Lancer Evolution is based on the 2008 Lancer compact sedan, but a high-performance version, with a potent turbocharged engine, all-wheel drive and upgrades to improve handling and braking. (The braking is particularly impressive).

The Evo X has gained weight (not just because I was driving) over its predecessor and it still has 290-plus horsepower largely because of its all-new aluminum block (versus iron) turbocharged inline-4 engine.

The new version boasts 0-60 mph in less than 5 seconds. The new engine is smooth but whistles a low pitch sound that drove dogs in the my neighborhood crazy. (Still, the dogs could never catch me.)

The MR sports a softer suspension and features Mitsubishi's new automated twin-clutch manual transmission operated via metal paddle shifters behind each side of the steering wheel

The X sends power to all four wheels and is dubbed Super All-Wheel Control. Edmunds.com says the  Evo X is one of the best-performing cars at any price. My test drive was priced at $41,000.

The 2008 Mitsubishi Lancer Evolution is in the same price range as the Nissan 350Z or upscale versions of the Ford Mustang. The Evo has good styling, it's fun to drive and would turn heads more often if passersby could actually see me passing by.

Standard equipment includes: BBS alloy wheels, softer shock absorbers and springs, HID xenon headlamps (it’s really cool to watch them come on), a larger rear wing, Bluetooth and steering wheel audio controls, cruise control, foglights, full power accessories, keyless entry, a leather-wrapped tilt steering wheel, Recaro sport bucket seats (made for small-rump
types and bicyclists or runners and other such people with small upper bodies.) Where’s that telescopic steering wheel when I need it? There was enough leg room, but my arms wouldn’t reach.

The MR's larger rear spoiler does spoil the view to the back; I could seldom see the eyes of the driver behind me. One plus: The Evo had a Rockford Fosgate sound system, satellite radio and an in-dash, six-CD changer.

Standard safety features include: front seat side airbags, full-length side curtain airbags and a driver's knee airbag. The Evo has standard antilock brakes, stability control and a variety of advanced handling technologies.

The Recaros are highly supportive but not too comfortable for big people (6-foot, 200-plus pounds).

The 2008 Mitsubishi defines sports car. It rides softly, but there's a trade-off — narrow seats. It’s a fun car, not a family car. When I told younger friends what I was driving, their collective reactions: “What’s an old man like you doing in an Evo?”

I also couldn’t help but feel like I was driving a frustrated vehicle. A friend in Europe said Germans can’t understand why Americans would buy a car that goes more than 150 mph and never drive it over 80 mph? I wonder why someone would want an Evo and only drive it around the suburbs?

On the highway, I could accelerate 20-60 mph almost instantly. And when I did, it was fun to watch my eight-month old baby’s arms and legs flap like a flag over the back seat. As much as I enjoyed this car, why would anyone would want or need a car that exceeds 155 mph when 75 mph is the speed limit?

Warranty — Bumper-to-bumper, 5 years/60,000 miles.

Safety Features — Front – Head Airbag, Front – Side Airbag, Passenger – Side Airbag, Traction Control, Rear Seat Head Restraint, Daytime running lights, electronic stability control, tire pressure monitor

Mileage Estimates — 17 mpg (city); 22 mpg (hwy).

Price (as driven) — $41,000.