Personally, the proposed $70K price tag doesn't bother me one bit. As I've said before, I don't want to see one around every corner and if GM limited production to just 1,000-3,000 units per year, I'd still be just as happy.
The 1990 ZR-1 stickered for around $59,000-$62,000 and later crept up to a hair over $70,000 by the 1995 model year. I bought my 1990 ZR-1 in late Sept. 1994. If I have to wait 4 or 5 years to afford a 2006 Z06, so be it.
Some things are just worth waiting for.