It's not certain that it will be made because they are worried about having to raise the fuel economy, but apparently, if they do build it, they're gonna do it one of these ways:
-Continue making the car better, like they have been for the last 50 years, by stuff like reducing weight, displacement on demand, changing the styling around, etc.
-They could build a limited edition mid-engined Corvette, as was mentioned a couple of weeks ago on here, which would be significantly more expensive, and won't perform much better. They might make Corvette a completely separate brand from Chevrolet, selling both front and mid-engined cars, like a base model and a super-car model. Splitting the brand up is the least likely option.
-The final (and for now not very probable) option is to change the Corvette completely so that it gets higher fuel economy, but is about the size of a Solstice, with a severe reduction in horsepower.
My opinion? It's still too early to predict what's going to happen.
Here's some artist's renderings:
And a couple more
pics.
Opinions?