I'm surprised they didn't call it the GTi. I wonder if they're going to keep the RC moniker for the UK market, with the 206 RC (a special-edition GTi) they didn't because it sounds like "arsey".
As for the car itself, the 207 GT has received relatively positive comments from different car mags so the potential should be there. One thing I'm sure many people will whine about is that it 'only' has 175 bhp.