As the man said above...
not a dead end modding a r32 just a lot lot more expensive to do
Simply put:
Stg 1 R32 300 hp ... £5k (apparently?!?) 
Stg 1 Eddy 300HP...£500 ish.
If you want (affordable) exhaust noise, buy a V8 TVR! 
More seriously, i feel the debate should include the 2 v 4 wheel drive aspect.
if only they had made a 4WD Eddy!
They did, eventually, sort of; it was the mk6 R. Kind of a blessing in disguise that VW decided to ditch the n/a V6 for the R. I'm sure the purists weren't happy, but for enthusiasts that like affordable power the CDL with AWD was handy. Even a 400bhp mk6 R with a TTE420 or similar is a much cheaper project than turbocharging a V6. But then the few R32 turbos that exist are instantly a whole world cooler because of it. Sound better too.
