Ya, the 2007 Camaro was scrapped.
GM was going to put out a RWD platform (called Zeta maybe?) for 2007, and they were planning to make the Monte Carlo's and Malibus RWD, too with a small V8. The only thing they followed through on was the V8 in the Malibu. Basically they said that their RWD platform wouldn't be able to compete quality wise with that of the Chrysler/Dodge RWD platform. Since the Camaro is technically on "hiatus", I figure it will make a return (along with the T/A) at some point in the near future