What does a fast VW really feel like?

[Eurolook71]

I was talking to some ricer boys in my Auto shop class, and up came the topic of drift racing. I metioned that it would be great to see an air-cooled vw in a drift competition. They laughed saying that old vws have too much understeer to pull this off. I thought that a vw would be a great car for drifting, since its rear wheel driven, and so light, that with a serious gearbox/drive train, some decent hp (say a 2L T4), and some serious suspension mods, this thing might turn circles all day long.

So do VWs suffer from great understeer, cause I know when drifting, oversteer is the idea to get around corners like a mad man. Are there ways to increase oversteer, like setting toe in/out, camber, etc...Ive seen a video of a very cool bug, doing circles with no problem, just begging to be drifted around a corner.

I just want to know what a VW bug can, and cant do.