The finalists in the Prix Emile Hermes design competition were exhibited at Milan last week. If there had been a category for awesomest ride-on toy, I'm sure Portuguese architect David Seabra's Mille pedal car would have won. Also the award for Best Morgan 3-Wheeler With Playsam Carrozzerie.
image above: Milan Design Week 09: Prix Emile Hermes [core77 via dt reader mark]
Prix Emile Hermes site [prixemilehermes.com]
dass - Seabra's architecture and design firm in Lisbon [dass.pt]
It looks a lot like the already-in-market vintage saab!
http://cubeme.com/blog/wp-content/uploads/2006/06/saab.jpg
indeed, that's the Playsam; the kid keeps hers parked under her grandparents grand piano.
almost as cool as the Playsam Rocking Saab which I fear was discontinued before I even heard of it.