We’ve been looking forward to driving the new Honda Fit since we first saw it at the New York Auto Show last March. We liked the old one, and this one addresses some of the complaints we had before, such as the driving position. (It now has a tilt-and-telescoping steering wheel.)

Now Honda has released a few more details on the new Fit, including pricing and features. First, the bad news: The base price went up about $600 and a top-of-the-line Fit, which includes a built-in navigation system, is almost $19,500. The good news is that you get more features for the price.

Notable new features include a USB jack to control an iPod from the Fit’s stereo, 10 cup holders, and rear seats that are easier to fold.

We had been looking forward to electronic stability control becoming available on the new-generation Fit. It is available, but only as part of a $1,850 option package that includes a navigation system. That is a steep price to pay to get a proven safety device, especially for buyers who would rather use an aftermarket navigation system or would prefer the simplicity of the standard radio controls. We think this feature should be available a la carte, especially on base models that may appeal to younger, less-experienced drivers.

After a brief drive of a preproduction car at a New York event sponsored by Honda, our initial impressions from is that the Fit has grown up somewhat. It sounds quieter and more refined, and is certainly more comfortable to drive.

The engine is now rated at 117 hp, up from 109, which feels like just enough to compensate for the new model’s extra two inches of length and 44 pounds. EPA fuel economy ratings remain at 31/38 for the automatic transmission, but drop 1 mpg for the manual transmission due to slightly lower gearing.

The 2008 Fit is now sold out, according to Honda. The new model goes on sale August 26th, and widespread availability is expected by mid-September. We’re looking forward to conducting a complete test on a production example. In the meantime, we still think the new version will likely fit the needs and budgets for a lot of people.

—Eric Evarts

Updated 8/22/08.