Ok, I haven't kept up with what Toyota has been doing lately... but I think Toyota is nuts for discontinuing the MR2.
That was one sharp sports car for the money. Last time I was at the dealer in 2004 they had one I sat in... I really liked it, and thought the styling for a car in that price range was among the best, if not the best.
Not sure why the MR2 isn't more popular than it is... I'd rather have a MR2 over other sports cars costing twice as much... that's how much I liked that car.
Albeit now that I think about it, Toyota did this once before when they discontinued it for a while, then brought it back again. I just hope they bring it back again, as it compliments their other vehicle lineup quite nicely.