Salivation, drool, slobber, whatever you want to call it, we're nearly foaming at the mouth for the Audi RS3, and we know many of you are, too. The combination of Audi's interior build quality, a fairly compact hatchback, and the RS treatment make for one enviable package.

Sure, the Volkswagen Golf R might be the smart alternative, but it doesn't pack the visual or performance punch of the RS3. The video doesn't tell us much new, though it does confirm the Spring 2011 on-sale date. Of course, that's for Europe. We'll have to wait a bit longer, most likely.

Quattro all-wheel drive and 340 horsepower rocketing along with the smell of Nappa leather and the bikes in the back--what's not to love? Add in 0-60 mph in less than five seconds, 174 mph top speed (if not limited) and 332 torkles, and you'll be in hot hatch heaven--even if your wallet isn't.

Those of you with keen memories will notice that the footage used in this video is largely compiled from the b-roll footage we brought you back in November. The new video rolls it all into a sensible format, and adds some details to the car's features.