The March 13 issue of Autoweek reports that although GM is killing the current GTO this year, the company will replace the car in 2008 with a car built on the Zeta RWD platform (same as the Camaro). Bob Lutz made this announcement at the Geneva Auto Show. When asked about rumors of making a new Firebird he said, "No, that's not something we are planning. We are not going to do that car." Interestingly, the article refers to the GTO and Camaro as sister cars.
At the GTO Club meeting here in De (sorry no Firebird Club), it was mentioned that production of the Solstice / Saturn Sky is strong and they are ramping up to make at least 50,000 a year due to heavy demand. However, overall the guys in the club who work at the plant are wondering if Pontiac will even survive.