Updated

Hey, even Austin Powers might settle down some day.

Jaguar has unveiled its first SUV, which stands for Shagadelic Utility Vehicle, as far as we’re concerned.

The C-X17 making its debut this week at the Frankfurt Motor Show is a showcase for the company’s all-new aluminum architecture that will form the basis for a number of vehicles, including a 186 mph sedan.

Jaguar is technically calling the vehicle a crossover as to not step on the wheels of its off-road sister brand Land Rover, and it is clearly aimed at the on-road set, the company claiming that it offers the driving experience of a sports car with increased presence and flexibility.

The design is a Darwinian evolution of Jag’s sleek and gorgeous, but slow selling XF and XJ sedans that looks surprisingly perfect in bulked-up form.

While the bodywork appears ready for production prime time, the cabin is dressed for show with four bucket seats, flush surfaces, a bevy of touch screen interfaces front and rear along its Interactive Surface Console -- which allows information to be flicked back and forth between displays -- and a transparent roof constructed of “contoured vanes that provide a distinctive 'elliptical' panoramic view.”

Shockingly, neither the C-X17 nor its potential platform mates are being billed as hybrid or electric cars, rather Jaguar says they will be powered by fuel efficient gas and diesel engines.

Although not confirmed for production, given the popularity of the luxury crossover segment around the world, something like the C-X17 is sure to be on sale in a few years while the first sedans built off of the platform should hit showrooms by 2015.