Nope - the Toyota 3.5 V6 makes around 270 HP in the various Camry / RAV4 / Highlander installations. I'm guessing a little adjustment by Lotus will easily add 10hp or so.
The latest Exige and Elise model use the Supercharged version on the 1.8 Toyota engine and that'll certainly help low down torque, but the power band is actually defined by the point in the rev range where engine switches it cam lift profile - 6200 rpm.
In the Corolla, at 4000 rpm a granny in a power-chair could out accelerate you. At 6200 rpm, the warp engines cut in and it was hold on for dear life time. It was bit like having chronic turbo lag.