There's been so many variations on this rumour, that I just don't know what to beleive any more.
In chronological order from over the past 18 months or so...
Rumour 1 - Polo based roadster
Rumour 2 - Golf based speedster
Rumour 3 - 2007 roadster - in today's Autocar


Link to the source.
Deek. (jaded)