Well, "smacked down" is probably a bit of an overstatement. But I did manage to jsut barely beat a well-driven 2002 at the most recent DC area autocross by less than half-a-second. In talking to the driver, the car is basically stock, with an updated head and new carb being the only engine mods.
My car: 240 hp, 3500 lbs.
His car: 110 hp, 1900 lbs.
Bigger and more expensive is not always better at the autocross (though, in this case, 25 years, 130 hp, and 1600 lbs. bought 3/10s of a second).
Edit: Rematch this weekend.