I love the look of the KARA, but the weight has always been an issue. If you are experienced in frame on molded, or stitch and glue construction you can make a KARA much lighter. But you will need some knowledge before hand, which can only be gained from building boats or building something else that requires conceptual processes rather than following plans step by step.
One way that
may result in a lighter KARA is to build the frame a couple of inches narrow than plan, cover with battens to creat a form, and then cold mold it with thin, wide cedar veneers on the bias. Cover the outside with kevlar and the inside with 3oz high strength glass from RAKA. The frame is not used in the final boat but you will need some ribs and they can be thin cedar laminations covered in tape. This might get you an 80 pound or less boat.
an example of cold molding a canoe
http://www.westsystem.com/...ploads/laminated.pdf
As mentioned up above there is also the Hybrid. Rich has posted here before but gets poo-pooed often due to the size of his boats and the materials used (ACX and luan door skins) (and they are "ugly). However, the concept behind the Hybrid is still valid: a one person marsh boat that fits into the bed of a truck and can be made in two weekends. The link above takes you to the main site for buying plans. The original plans can be found on here under the boat specs in the marsh boat listing.
Over on the duck hunter refuge boats and blinds forum there is a sticky documenting the construction of hundreds of Hybrids - 156 pages now. It shows the multible variations of the boats being built as well. I think I might have built one of the lightest Hybrids at 63 pounds. It is the largest boat you can build out of two sheets of plywood. Extremely stable (more stable than my foamer), hides in low grass, car tops easy. However it does not paddle well due to its short length and huge wet surface area. It motors very well with a 3hp and a 400 pound load.
http://www.refugeforums.com/...=602498&page=156
If you have no issue with spending money, then as Tod mentioned there are other composite materials to be used. Core Cell foam has a density of 5.5 pounds per cubic foot. ACX fir plywood is over 30 pounds per cubic foot. Core cell is thermal moldable so you just need to heat it to get it to take a bend to form the hull. However, you will need to use a lot of cloth layers and a kevlar layers to protect it. Once it has glass on both faces it has a similar strength to fir plywood based on testing by the US Navy. WEST systems did a panel testing between the various build materials and have a great article showing cost along with other data.
http://www.westsystem.com/...ds/06-Flatpanels.pdf
The main issues with composite panels are their cost and shipping. Most materials are shipped in 4x8 sheets and you will have to pay for trucking cost. Core cell can be found from one retailer in Florida in 24x48 pieces that can be mailed. I priced out a boat design I am thinking and it will be just under $900 for the core cell. Plywood would be less than $200. Now Tod has me thinking about Coosa.