Well, it would only be the Z/28 (at least for now, the rest is rumor) so it's not a complete loss.

Frankly, I think they went in the wrong direction with the Z/28 in these new models. It was the blue collar man's sport car, but they priced it at such a premium that it's now out of reach for most people. I think it would have been a huge seller if it were priced more reasonably, and they wouldn't be axing it.