Actually it makes alot of sense. The pony-car segment is the only segment that is uniquely American and it's currently occupied by only one model, the Ford Mustang, which continues to be a strong seller. The Camaro would also compete in the sports 2-door coupe class currently dominated by the Infiniti G35 and BMW 330ci/335ci. This is one segment in which there are very few cars.

The Dodge Challenger is also due to hit this segment within a year. GM has to build this car, period, end of story.

GM already makes 2 very low-end versions of the 'Vette - the Pontiac Soltice and Saturn Sky.