Will government regulations prevent the Corvette C7 from arriving in 2012?

According to our sister publication, MOTOR TREND, "Well-placed sources have confirmed GM has put the next-generation C7 Corvette program on hold, pending a review of the impact of the 35-mpg CAFE laws due to come into effect in 2020.

"The problem for GM is that, while 35 mpg is the target for 2020, automakers have no idea what the transitional fuel-consumption targets are in the interim. In other words, they have no idea how they should be planning to get from today's CAFE number to 2020's. Transitional fuel-consumption targets are not expected to be finalized until the end of 2009."

Our question to you is, "Should the Corvette be exempt from all CAFE regulations concerning mpg ratings, or should this government regulation force GM to come up with faster and more efficient engines that produce class-leading performance and 35 mpg on the highway at the same time?