hood looks like really small... so it doesnt look like CT200h based SUV. It looks shorter than the hood on Yaris... iQ had unique platform which had extremely short hood due to re-design of most of components.
As to iQ, it wouldnt be rebodied Toyota for 2x the price
. But purpose built Lexus vehicle based on similar mission - which was unique premium A class vehicle for Europe and Japan, with unique platform that was not possible in Yaris due to costs.
I read some rumors this week on dutch Autoblog.nl about 1.2l turbo engines coming to Toyota's in Europe, it was just briefly mentioned and it made a lot of sense since they would not know about new NR engine being available in 1.2l version and only for Etios which does not get sold in Europe (rest of the world still gets very old NZ engine, like Yaris in NA). So if they were just making it up, they would have said 1.0l or 1.33 turbo like existing engines. Small turbo would make sense for premium small Lexus while Yaris sells happily with NA engines in Europe, having to implement 3rd shift to produce more vehicles this year due to record sales.