When we got behind the wheel of the 638-hp Corvette ZR1, we were pleasantly stunned at the raw, violent pull exhibited by the 3,364-lb supercar. Motor Trend was equally impressed during a recent trip to Chrysler's Arizona proving grounds where they brought their considerable testing equipment along to add their own cold hard stats to a growing list of platitudes.

The rumormill is a funny thing, and sometimes it can run amok. This appears to be one of those times. The DigitalCorvettes.com forum posted a note earlier this evening saying that Corvette ZR1 production has been halted (Bowling Green is shut down this week, so no Vettes are being built at the moment) and suggesting that the ZR1 may be cancelled. A post on dealer Rick "Corvette" Conti's blog, linked in the referenced DigitalCorvettes thread, added to the intrigue.

Click above for a hi-res gallery of the Corvette ZR1

Click above for a high-res gallery of the Corvette ZR1.

Journos were invited out to the Milford Proving Grounds yesterday to sample GM's latest and greatest Corvette, the ZR1. Thankfully, someone was smart enough to mount a camera inside the 638 hp uber-Vette and captured video of Jim Mero, chief engineer and the man that lapped the ZR1 around the Nurburgring in 7:26.4, caning the coupe though the General's test track.

Hit the jump to check it out.

Thanks for the tip Mark.

Click above to see the Corvette ZR1 lapping the 'Ring.

Alrighty folks. Here it is. The General has released the in-car footage of the Corvette ZR-1 lapping the Nurburgring in 7:26.4, hitting 180 mph at one point on the 12.9-mile course and beating out the Z06's time, set in 2005 by Jan Magnussen by almost 17 seconds. Jim Mero is behind the wheel and just as a reminder; the lap was done on the same Michelin Pilot Sport 2s as the production model, and retains the same ride height, engine calibrations and emissions equipment, along with running pump gas.

Make the jump to view the video.

Click above for a high-res gallery of the Corvette ZR1.

Click above for high-res gallery of the Corvette ZR1

If you were planning on heading down to your local Chevy dealership and placing an order for a new Corvette ZR1, think again. The new super-Vette is the fastest ever made, yet despite its $105k price tag, there'll be a lot of eager customers lining up. But General Motors will only allow certain Chevrolet dealerships to sell the supercar.