It's ok, not only because it's on a Ferrari, but because it's on a rear wheel drive car. I've just never figured out why you put a spoiler on a front wheel drive car. It defeats the whole purpose. That spoiler on the Ferrari is probably not only very functional, but very needed. ::
The reason for having a rear spoiler of a front wheel driven car is to get a higher pressure on the rear wheels for a more secure curve action at high speeds. It will also get the air of the car in a positive way for fuel savings.
WOW, I love that Countach in the back ground. When the Countach S was launched in 1983 (I think) that rear wing was a $5,000.00 option. The car was actually 5 mph faster on the top end without it. But in a comparison test between two S's one with the wing one without. The wing car was more than a five seconds faster per lap @ Road America.
Definately a Fiero kit. No big loss. I still have a hard time understanding how stupid-looking junk like that (and those wheels with the spinning centers for that matter) becomes popular. What ever happened to plain old good taste? I guess variety makes the world go 'round.