The test mule was again spotted, but still nothing is really known about this perticular model driving around near Modena.

You will definitely spot the bulge on the hood, but what it exactly holds is unknown. The rumours suggest this model is due for 2012 and is in the early phase of testing. However, previous stories suggest Ferrari is developing a hybrid system or even a new V12 engine with a twin turbo setup. WorldCarFans even suggests it could be that Fiat’s MultiAir system is temporarily fitted to this test mule in order to see how much performance enhancement can be pulled from that.

Rumor has it that the new direct-injected V12 will be 40 percent less polluting and get 40 percent better gas mileage than the 5.7-liter V12 presently in use, even as it’s expected to get a slight 7-horsepower bump to 540. The fuel economy increase would provide a very respectable 16 MPG – not bad for a car that ought to hustle to 60 MPH in about 4.5 seconds. Check out a host of new spy photos in our gallery below. In case you’re curious, the sticker on the steering wheel boss which reads “Betrieb nur mit geschlossener Motorhaube” is an instruction telling drivers that the engine should only be started with the hood closed.

Let’s just say there are some new Ferrari models coming and this is one of them.

Camera phones are turning into quite an asset in this business, as readers of various automotive news sites across the interwebs and around the world have turned into legions of spy photographers. In this instance, one such reader-turned-paparazzo (apparently in Italy, no less) caught on video what appears to be some sort of Porsche Cayman Shooting Brake test mule.

The thing is absolutely hideous if you ask me! I hope that isn’t what they are trying to do with the Cayman