Neons, meh (sorry Duke!).
I actually dislike the SE model because it's quite overpriced for what it offers. The Corolla starts at $13600 and includes air-conditioning, power mirrors, a CD player, remote fuel door and trunk releases, and an temperature gauge. Optional are power door locks ($295), front side airbags ($250), and anti-lock brakes ($300), bringing the price to $14400. Also optional is a cassette player ($100), alloy wheels ($500) and an automatic transmission ($800).
Base Neons begin at $13000. Standard is an AM/FM radio, a cassette player, and an alarm. It isn't easy to bring the Neon up to Corolla spec levels - one must add anti-lock brakes ($695), air-conditioning ($1000), front side airbags ($395) and a CD player ($125) to even consider themselves somewhat near the Corolla - it's still missing the remote releases, the temperature gauge, power mirrors, and power locks. Without those things, the Neon is still $15100 - $700 more expensive than a Corolla including those features. The Neon has only two extra horsepower, as well, making it the loser here. Same applies to the SXT trim level, which begins at $15300 and still lags behind the Corolla in spec.
The R/T Neon's a slightly different story - its 150bhp 2.0L 4-cylinder makes it certainly in contention, as do its other standard features, including air-conditioning, power mirrors, windows, and locks, keyless entry, an in-dash 6-CD player, power trunk release, fog lights and anti-lock brakes. All this starts at $17200. Options include leather upholstery ($715), side airbags ($390), and a power sunroof ($735). I'd say it could take on just about any class rival including a well-equipped Corolla, Ion, Cavalier, or Civic. It gets tough competiton from the 165-bhp 2.5L Sentra 2.5S, however, which begins at just $17100 with similar spec.
SRT-4 is quite a value, though more horsepower (their '04 update) isn't what it needs - all-wheel drive would be nice instead (or maybe enough power for us to be able to overlook the lack of all-wheel drive - think 280bhp, minimum). And, even with its wonderful value, I'd still rather have an '02 WRX.