I'd be surprised if it were street legal in Germany, if only because it has no windshield. Many countries will not allow such extensive modifications from stock configuration; this is a good thing to remember before, say, doing a disk brake conversion if there is a chance you might someday want to sell it overseas. In fact, I doubt it would be street legal in most US states.
I am a little skeptical of these cars with astronomical power-to-weight ratios. The trick isn't so much putting all that power in a Bugeye, it's getting it to the road. I could imagine the driver of that thing hitting the gas and generating a lot of blue smoke while the thing spins out of control.
I'll take the original, thank you.