UPDATE 12/05/2011: The return of the Supra name has been denied and
confirmed by Toyota so many times, it’s equivalent to watching a tennis
ball endlessly shooting over the net - back and forth, back and forth.
Now, however, that game may finally be coming to a close. During the
official debut of the GT 86, Chief Engineer Tetsuya Tada, said there was
room for a three-tier sports car line-up in the Toyota range, with one
car sitting below the 86 and one above it: "Right now the 86 will be a
mid-size sports car. I would like to have one smaller and one larger.
One would probably be a Supra follower. Nothing has been decided yet. It
would [be] like a Supra successor."

We’ll see how long this story rides before Toyota throws another game into the set.