Seems they don't want to put all their eggs in one hybrid (Prius) basket. My only question is..why did it take so long?
Toyota to Introduce Flex-Fuel Vehicles in US by 2008
The Financial Times reports that Toyota is planning to sell flex-fuel vehicles in the US by 2008 to address the surge of interest in ethanol as a renewable fuel. In 2005, Toyota indicated that it was developing flex-fuel vehicles targeted toward the Latin American market. (Earlier post.)
http://www.greencarcongress.com/2006/04/toyota_to_intro.html