Straight from www.woodyscarsite.com ;
"Only 33,600 sold from 1991-1996. It is already a classic by Honda standards and the last model to be approved from Mr. Honda himself. The Beat's aim was to challenge the Suzuki Cappuccino and the future Smart Roadster if the model would have continued. It's failure might have been the lack of power. No turbo or supercharger was ever offered to its 656cc engine. Can you blame customers?20 some years later with the advancement of VTEC, Honda can easily afford to spawn a newer version. With the S2000 out of the spotlight, it is an easy win."
Source;
http://www.woodyscarsite.com/2011/06/revival-new-honda-beat-convertible.html
Below are some earlier sketches of the vehilce. I think this would fit nicely into Honda's lineup.
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