Yep, it's the old one. I drove from Fort Wayne to Memphis to buy it, back when they were out of production and hard to find.
It did have a Saito 150 in it, currently under conversion to a Evolution gas 26GT.
The Rascal 40 has a Turnigy 4260-500kv in it, cheap motor from Hobby King. I can't find that motor anymore, wish I could it's great for 40 size planes.
The small Rascal has an AXI Silver 2208/34 Outrunner. No ailerons kind of makes it boring.
And you're right. As neat as the big one is, the 40 is really fun to throw around the sky.