Make no mistake. The original 1st model year Miata was ten times the car that ANY of those old European roadsters ever were. It's a hard pill to swallow for someone like me who is tremendously enamored with the classic offerings from Triumph, MG, FIAT, Alfa, Lotus, Jensen, Austin etc. They were all brilliantly styled and adorable pieces of total crap. All of them.
They were all underpowered, loosely sprung and shoddily assembled. Great fun weekend back road drive cars, that handled poorly, could barely stop, we're slower than a 3 legged mule, and virtually rusted away to dust before your eyes.
A few more "stout" examples were sprinkled here and there at least on the performance side, but the reliability was still atrocious.
The Miata was well built, had great road manners with a responsiveness that its predecessors could never attain. It had decent, reliable power, and a wealth of overall improvements on the roadster idea as a whole.
Nostalgia for those old shitburgers is really their only attraction. Would I love to own a mint condition TR6, or Alfa Veloce Spider? Hell yes I would! But I wouldn't delude myself into thinking it was anything other than a mediocre driver and a gigantic repair bill waiting to happen.
All of this is what really makes this new 124 Spider so appealing to me. It pretty much represents the first ever European roadster that is more than just eye candy. A well built Italian roadster that has good power, good manners, reliability and creature comforts with the ability to actually survive an impact as a driver or passenger is quite literally unprecedented.