According to my recent January 2005 issue of MotorTrend in the spy shots section, they are saying that the new Z06 will have a 500 HP 6.3 -Liter small block instead of the bigger 7.0-liter (427 c.i.d) V8 . However, goodies include suspension, brake, and tire upgrades. Exterior features will include wider front fenders. It may not be much of a displacement increase but 500 HP sounds good to me.