First off, welcome to the board.
IMO, the Corolla Xrs is a great car. It's a perfect mix of sportiness and economy. I drive mine to work daily, getting about 30 - 32 mpg, and also autocross it occasionally.
It's a comfy little sedan when I need it and a quick, nimble compact when I want a little more excitement in my ride. The 2zz with the 6 speed gearbox cure my boredom from the daily commute. It's also quite competitive at autox in H stock. With a good set of autox tires, and a decent suspension setup would easily make this car a competitor in its class (mated with a good driver of course). I don't think anybody would be disappointed with this car.
P.S. Hitting lift makes me feel all warm and fuzzy inside.