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AND it's built off of the 550 - which is the most gorgeous recent Ferrari IMO. Goes to show there's beauty in simplicity. Although I could do without that front air dam 
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I guess beauty truly is in the eye of the beholder

The 360 Modena and 360 Spider are the best looking Ferraris in recent years.
The 550 is just simply unattractive to me from the front...from the hood scoop to the awkward looking front air damn, to the overall plainess when looking at it from the side. It's just mediocre at best. It's not as bad as the ultra fugly F50 though
My top 5 best looking Ferrari's of the past 25 years would have to be:
1) 360 Modena/360 Spider
2) F40
3) F355
4) 308 (the Magnum P.I. car, I drooled over that car as a kid

)