JP 
2008 Toyota Corolla Sedan S 4dr Sedan (1.8L 4cyl 4A)
Corolla is number 1
 I've had this car for 6 months now and think its a joy.  Smooth ride, great gas mileage (averaging combination city and highway about 35) and awesome looks.  I've heard the Camry is having a lot of quality control issues lately but the Corolla (at least this bodystyle) has been bulletproof. As for the engine...yes its a 1.8 4cylinder but I installed a k&N air filter and it greatly increased the power.  I think the acceleration is fine and you almost forget you're in a 4.  If you want anything faster, get a 3.5 V6 in the Camry!  The 1.8 is a great combination of gas mileage and performance...for those that don't know its the same engine Toyota puts in the Celica GT (2000-2005). 