No it isn't the new Holden Monaro, what you are about to see is a wolf in Holden clothing.

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(due to copyright issues, we can't host the photo here, but to see the image, click here)

It may look like the US domestic equivalent of the Holden VE Commodore SS on the outside, however it is actually a Chevrolet Camaro test mule caught in the US recently.

Technically speaking, this is the world's most powerful Commodore - being a Camaro test mule, under that bonnet potentially lies an LS8 engine putting out close to 500 HP (373 kW). A 3.6L direct-inject V6 and a 'regular' V8 will also be offered.

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Along with an obviously shorter wheel base, the test mule also features a lower slung roof line and a lack of rear doors - Monaro fans rejoice because this is as close as it comes to seeing a genuine VE Monaro.

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The Chevrolet Camaro is due for a 2009 debut in the US with a convertible model to follow shortly after. There are no plans to release the Camaro in Australia but it hasn't entirely been ruled out.

Source: LeftLaneNews