Incoming Exocet?

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I've had the MX5 for 10 years now, but it's done very few miles in the past 5; too noisy and uncomfortable to be a daily driver, not fun enough to lure me from a bike, it's become redundant. So I've started to think about rebuilding it as an Exocet:
It'd remain noisy and uncomfortable, but it would certainly increase the fun with it's turbo motor. Total cost would be around £4500 I reckon (budgeting for new suspension, seats, etc), which seems a bit strong for something only occasionally usable. And it looks a bit rubbish - the Aldi Atom, perhaps.  

I'd certainly enjoy building it, but would I actually use it? See the Jalopnik article which got me thinking about this in the first place.

Jaaaag news:  I've done about 2500 miles in it and it's not gone wrong yet.  The ABS warning light came on once, and the alternator went on the blink for about 10 seconds when it got wet, but apart from that it's all lovely.

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