If it wasn't for all the "hyperbole" (nice term for some of the other words I could use) this is a pretty nice "Fauxbra", which is my term for "cobraized" MGs, Triumphs. 240Zs, Miatas and Healeys like mine:
http://clubcobra.com/forums/showthread.php?t=106429 There are a lot of us who drop V8s into Little British Cars in the Cobra tradition. Go here for some great examples:
http://www.britishv8.org/ But the true enthusiasts would never try to pass one off as a real one.