Reading what you guys have talked about for the past few days has gotten me to think about what the Camaro was meant to do - and what it wasn't - versus the competition. Jalopnik's original write-up on the matter spoke of the problem rather simply; While the Ford engineers were working their ass off to make the Mustang the best it could be with a chassis that was mildly re-engineered, the GM guys were trying to re-Camaro the notion of the Camaro.
Its no knock on the overall performance of the car, because honestly, it is very good; Competitive in all aspects, perhaps not class-leading, but still up there. But the problem is that while the Mustang GT handles like a sports car, despite the rather clear "handicaps" of the LRA and such... The Camaro (and Challenger) toss around like older muscle cars. The thing I've come to realize is that GM and Chrysler have built GT Cars, not sports cars, like Ford. Its a slightly different approach to the same idea, and its evident in the way the cars handle, ride, and hell... look.
As a long distance car, the Camaro is bang-on for what it should be. Fast, composed, and above all, stylish. The Mustang is going to be more fun to toss around on the backroads, and I think GM is okay with that. In fact, I'm okay with that. While the prospect of a $28K, nicely equipped GT is almost more tempting than a $31K SS, in the end, I'd rather pay the extra $3K for the power, composure, and (IMO) better outward appearance.
The comparison of the Camaro to the GTO is actually a very good one, and consequently, the same debate is likely to happen. I think GM made a smart move making both cars a bit more "adult," but the big question will be whether or not people buy it (HINT: Probably will be a "yes").
Still, the V6 RS is the place to be. Although while I've been complaining by the lack of a mid-range Z/28, after driving my Dad's new truck around, I almost wish they would have lowballed it and made the Vortec 5300 (read, 327ci) V8 an option.