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I'm not saying this is true or pure speculation, but I just found it and wanted to share with everyone. It's from a credible source at least. :huh:

Word in Detroit is the long-awaited ber-Corvette, codenamed the Blue Devil after Rick Wagoner's alma mater's NCAA team, will now likely be called Z07. Purists at GM have balked at naming it the Corvette SS, after Zora Arkus-Duntov's definitive Chevy sport racer. Corvette Super Sport had been the expected name for the last year or so.Chevrolet Corvette Z07
 

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With those HP numbers, 505 HP for base C7, and maybe 700 for "SS/Blue devil" I will put money in the bank for an upgrade in the years to come.
 

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I've heard it may be called the ZR-1, but at that HP rating, we can be sure it'll be called two things....fast and expensive.
 
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