The City of London unveiled a new version of its iconic red doubledecker bus today, replacing the Routemasters everyone knows and loves. Which was a little surprising, as we thought Transit London had already selected the ever-so-British team of Norman Foster and Aston Martin 17 months ago. But apparently that was just an ideas competition while this, as the video above shows, is the real deal. Set to hit the road by 2012—just in time for the Olympics, no less—the new buses are the work of Thomas Heatherwick and Wrightbus. In addition to being super sleek, the new buses are super sustainable hybrids. Get on board after the jump.