Can somebody explain what all the big fuss over this thing is?
It is otherwise a test-bed for ideas. Just like how GM used to go Corvette concept cars every couple of years. Remember this one?
Chevrolet Corvette Stingray III Concept - 1992
Obviously it had some level of influence on the design of the Camaro and Firebird that showed up less than a year later, but very little of the car turned up in the production generations that followed. The original design of the car utilized a Hi-Po V6, but it ended up using a 300 BHP LT1 V8. It did have a fancier version of the Cadillac self-adjusting suspension that had only debuted a few years earlier, which later became standard-fare in the C5+ Corvettes. The car, simply put, was too expensive to become the next Corvette.
Chevrolet Aerovette - 1977
This was something that GM really, really wanted to do. They had even priced it out between $15-18K. This was born out of GM's obsession with mid-engined, rotary-powered Corvettes throughout the decade. The damn thing even had gullwing doors. As far as I can tell, nothing came out of this in the production models that followed.
Or how about these?
Chevrolet Corvette Indy Concept - 1986
Chevrolet Corvette CERV III - 1990
GM, and Chevrolet for that matter, seems to have a knack for building fanciful Corvette prototypes every few years to see how they may possibly alter the otherwise conservative evolution of the Vette. My guess is that the Stingray, while looking cool and sticking to current technology, was more about the press and the anniversary of GM than anything else. I'd love to see that Volt-influenced interior, and the programmable Hybrid powertrain (think Voltec on steroids) somehow make it into production Corvettes, but it won't happen.