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IT'S easy to be cynical about the Porsche Cayman S, and Porsche makes it even easier. Forget the official line about it being named after a crocodile, that beast is generally spelt caiman. Before Porsche announced its Boxster-based coupe, Cayman most commonly referred to a group of Caribbean islands notorious as a tax shelter.

Outrageous, but does anyone care? Not me. After a week in the Cayman S, options prices faded into insignificance. The question was academic: I wasn't paying and will probably never be in a position to order my own Cayman. But its performance, quality and sheer rightness were real. Even with its many marginal rip-offs the Cayman S is still an outstanding sportscar - and outstanding value. It offers at least as much ability as the Porsche 911 - for nearly $50,000 less.

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