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Sequoia initially is a huge SUV, the biggest ever made by Toyota and the origin can be traced back to Tundra Pickup truck. The manufacturers are ready to take Sequoia into the next level, making it the next generation SUV. Future generation will share the same platform. There is a possibility that the Sequoia will share the same engine from its predecessor, the 4.7 & 5.7-liter V8 engines.
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The vehicle is expected to take on GMT 900 family of large SUVs of General Motors, the Chevrolet Tahoe and the GMC Yukon. The spy shots reveal that the new Sequoia has a spacious interior and will have huge towing capacity. One place where Toyota already has a head start from its competitors with the hybrid front but I am not sure, the way they are going to use its technology in Sequoia.

GM has already announced making its entire SUV segment into the Hybrids. It will be interesting to see if Toyota also does the same, by deploying fuel saving technology in the new Sequoia.
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Expecting that Sequoia will start coming out of production lineup in the spring of 2008 after its premier at Chicago Auto Show early next year, but nothing can be made sure of. It is not clear that what will be its price tag and whether it will be a model year vehicle for 2008 or 2009.

Via : MotorTrend