Performance
Without the range-topping 156hp 1.6-litre THP turbo petrol available to try we figure you have two options: stump up the extra dosh you'll need for a diesel, or go for the new 1.2-litre three-cylinder petrol.
That's not to say the other petrols are poor. We were only able to try the regular 1.6 and the 1.2, so can't comment on the 1.0 (also a three-pot) or the 1.4 (a more conventional four cylinder). But the 1.2 triple injects such verve into the driving experience you can't help but love it.
With 82hp it's hardly fast - 0-62mph takes 12.2 seconds, apparently - but a kerb weight of just 975kg 'topped up' means it's in keeping with the 208's whole lightness of being approach, it makes an amusing noise and loves to rev; wring out the 1.6, by contrast, and it resonates unpleasantly at around 5,500rpm.
The rest of the line-up - bar that elusive 156hp THP, which also enjoys six gears - make do with a five-speed arrangement. Regardless of ratio count, Peugeot has given the gear selection a positive, well oiled, mechanical feel; the 'boxes don't like to be rushed, but they don't need to be. Fingertips are all you need.Based on exposure to both 92hp and 115hp power output variants of the 1.6-litre HDi, the turbodiesels are also noisy affairs. However, a big slug of extra torque makes for more effortless progress in general - especially in the case of the 115hp version, which gets a sixth cog in its gearbox.
A final word on that 1.6 THP turbo petrol, even if we weren't able to drive it; weighing only 1,090kg it claims 0-62mph in 7.3 seconds and a top speed of 133mph. It sounds like a riot - yet is considerably less powerful than the likely 208 GTI, which just debuted in concept form at the 2012 Geneva Motor Show.
Ride and handling
That 173kg headline weight reduction is certainly an attention grabber (it comes on the 975kg entry level 1.0-litre petrol model, incidentally, helped by the significantly downsized engine), but an average cut of 114kg is arguably even more so.
Some rivals - notably the Ford Fiesta / Mazda2 twins - are almost as light, but Peugeot has really made it count when it comes to the 208's ride and handling. This is a very driveable little car, comfortable over rough surfaces but grips in the corners and keen to please. It instantly had us grinning.
Peugeot has fitted an unusually small steering wheel, which pokes out of the dashboard at you and dispatches most bends with a mere flick of the wrists. The diesels are particularly pointy, and you can trim the line quite predictably with the accelerator. It reminded us of a more compliant Renaultsport Twingo. Brilliant.
The steering assistance is slightly odd, however. It takes a while to get your inputs exactly right, and the numb centre point combined with the 208's eagerness to change direction makes motorway driving less relaxed than it could be. But this is a price we'd gladly to pay for such enjoyable additional agility.
Interior
The 208 is slightly smaller than the 207 - but the smart design makes it seem even more compact
on road while actually increasing the amount of interior space. Slimmer front seats free up an
additional 5cm of rear knee room for example, and an enormous optional glass roof lets in loads of light.
But the biggest changes are up front. Peugeot has placed the gauge pod right on top of the
dashboard, closer to the driver's line of sight - meaning you look above the steering wheel rather
than through it to see how fast you're going. Right next to that, also high in the dash, is a slick
new touchscreen interface.
Fitted as standard on all but the entry-level Access trim, this not only looks ace but works extremely
well. Moving around within its many functions - including the £400 satellite navigation option - is
intuitive, the touch control speedy and responsive, and the graphic interface pleasingly modern
without being derivative.
There's Bluetooth connectivity for smartphones and iPads, and all the test cars had dual USB
sockets and a 12v power connector. Neat flippy air con controls, beautifully detailed seats
and other accessories, such as handbrake levers and pedals, mean we can easily forgive the
208's occasionally cheap feeling plastics.
Safety and economy
In addition to the performance and the handling, the 208's low weight is great for economy and
efficiency. The worst polluter will be the 156 THP and that emits just 135g/km CO2, with
claimed fuel economy of 48.7mpg.
Greenest of all is the 1.4 eHDi - fitted with an eco-centric automatic gearbox this is said to achieve
83.0mpg and 87g/km CO2 - but no diesel variant emits more than 99g/km or returns less than
74.3mpg, according to the official calculations. In the real world it won't be quite that good, but
the 208 is still hugely green.
The 1.0-litre petrol is a zero road tax 99g/km CO2 car - 65.6mpg - while the 1.2 will drop from
104g/km to just 95g/km when a stop-start system is added in 2013. Even as it is it returns a
claimed 62.7mpg. Stop-start is mostly standard on the rest of the range already.
All that said, don't let the lightweight engineering worry you on the safety front. The 208 is yet
to be Euro NCAP crash-tested, but it's built with a large amount of Very High Strength Steel
and Ultra High Strength Steel. Peugeot also fits six airbags and ESP as standard.
Verdict
Beyond telling us that it will start at just £9,995, Peugeot isn't yet revealing the 208's pricing
structure; we suspect that once you load it up with some of the tastier personalisation options
it will get quite expensive quite quickly - but even this presently unknown factor doesn't stop it
becoming a five-star car for us.
The 208 is stylish, compact yet spacious, and engages the driver with a sense of fun, expressed
with a quality and maturity in defiance of any use of that supermini catchall "cheap and cheerful".
Solid build quality, impressive attention to detail in most areas and a wide-ranging engine line-up
complete the picture.
With innovative finance packages like 'Just Add Fuel", it's surely going to attract a whole spectrum
of buyers in the UK, while in Europe Peugeot is ambitiously targeting a full return to the very top
of the supermini sales charts. And you know what? We think the 208 might just do it.