right first thing first lets get some terminology right, technically all the kits etc that have been mentioned as rear engined are actually mid engine since the engine is in front of the rear axle.
second i am right in the middle of designing such a car using the duratec 2.0 and the IB5+ gearbox from an ST150 it wont be a 7 style body but the underlying concept is similar. It is very doable and i would encourage any people thinking of doing it to go ahead but be warned designing a car is very much a case of picking 2 of the following at the expense of the third.
Do it Fast
Do it Right
Do it Cheep
Pick 2
tilly
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