alot of smoke and bubbling antifreeze??
 

Well I hadnt drove it in a while so I went out to drive it and after a while i start getting this smoke come up from the center console from the passenger side comeing from underneath the bottom of the car and there was alot of bubbling noise coming from the coolant cap. The car seemed to run ok. Not 100% but felt a little slower in the low rpms but high seemed ok still not 100%. Whats does this mean? New engine? :( let me know what you guys think.

Did the coolant temp gauge go up really high? What color was the smoke? Did it smell like coolant? How long had it sat before you drove it? A couple months, couple years? Need more info. With the coolant bubbling, you need to check to see if the coolant system is functioning properly.

check out this link i think you have volcano radiator!!

http://rotaryresurrection.com/coolantfix.html

The coolant temp stayed about like it should be but it was kinda cool outside. They smoke was comming from around the tranny/ turbo area and some how is coming in the car. There was this noise coming from that area when your drive in lower rpms and not acclerating. I havent had a chance to look under it yet. The smoke was a white kinda clear. It didnt really smell that much. It has been sitting for maybe about 2 weeks.

Maybe the turbo is burning oil. Are the 3rd gen turbos water cooled as well? I'm a 2nd gen guy myself. Don't know what else to tell you really. It was sounding like a cooling system problem until your second post.

Probably leaky turbos (they're water cooled, BTW). But the bubbling in the coolant tank concerns me. That's typically a sign of a bad water jacket o-ring, or one hellatious turbo leak.

im not sure. cause it is right around the turbo area and i didnt feel much boost in the 1st turbo.

Is there a coolant line to the turbos or something that could have came loose or would it be internal?

could be a leaky hose, mine is doing the same thing - but only when it heats up. just dont let it run, or youll mess up something. im pretty sure its one of my turbos on my car so im just replacing them, theyve outlived themselves. its cheaper than having a good mechanic dig through my turbos and then tell me to replace them.