Tom and I were just in Detroit yesterday for a dealer mtg, and we saw the 5th gen convertible! Beautiful machine, red with gray interior. Got up as close as we could to see it, but the car was mobbed by dealers. No, we were not allowed any photos w/cameras or cell phones, and security was very tight.
We are hearing that it will be out in '11 and will be a '12 model.
I would like to say that Chevy has some awesome new products coming in the next 2 years-the redesigned Aveo blew us all away (really!) and comes in 5 dr hatchback and sdn models. The new Cruze (built @ Lordstown) is bigger and a little fancier than the Cobalt, and the new Spark (sub-compact, 42 mpg, appealing to youth market) is a great little car. Re-formatted Equinox (best hwy mpg in class) is luxurious and slightly tweaked Malibu will give the foreign sedans a run for the $. New Orlando is a crossover van/suv w/3 rows of seats, two of which fold down, 32 mpg. The Volt is truly futuristic, and should please the eco market-it was very well done inside- can be plugged into your garage wall, and will take you 40 mi. per chg. Buy a Chevy!