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It could be. but honestly, the OP sounds like he would just like to replace his engine, not get involved with a big swap.
IMHO I'd first check around locally for an engine. Any 1zzfe will work as long as you pick one with or without VVTi (depending on if you already have that or not). The were used fairly commonly from celicas, corollas, the matrix, even the pontiac vibe. If your friend is confident in rebuilding engines then you could probably make out a fair bit cheaper if you can get a hold of a rebuild kit. If not, I would just look for a used low mileage engine.
Could prossibly try through japanese engine importers as well, but I do not know the 1zz's availability through any, I've never looked for anything newer than a 20v silvertop 4AGE
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'11 Kawasaki Ninja 250R, '12 Mazda2
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