The LS7 is Production-ready...it's called a Corvette... It simply (?) needs to be "EPA'd" in a Camaro...and that, as your inside sources will tell you, is a whole lot easier/simpler/quicker/less costly that tweakin' a not-ready-for-prime-time LS3-based one-off...
EDIT: "EPA" should read "Government-ready"...
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