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Yes, the L99 is a different engine than the LS3.
The primary difference you would notice is the L99 with the automatic transmission has AFM - Active Fuel Management.
Both perform great and provide a great driving experience. It just depends on your transmisssion choice.
Of course there is a strong contingent that would rather have had the LS3 automatic, but that would have put the Camaro in the Gas Guzzler range and added some big bucks in taxes.
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"Speed, it seems to me, provides the one genuinely modern pleasure." - Aldous Huxley
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