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It's certainly something to keep an eye on...400 pounds lighter with more horsepower? Plus, going by Korean pricing and depending on the currency conversion you go by, a fully loaded V6 Genesis Coupe is just a bit less than where the 2LT Camaro starts.
As far as Hyundai's image, IMHO it's only a concern if you're afraid of the badge snobs out there. Hyundai's quality has improved dramatically over the last 10 years. I loved the '01 Elantra that I used to have...I only traded it in because after a while I wasn't confident in the dealer's ability to perform general maintenance on it (and at the time, it was tough to get to another Hyundai dealer) and I needed something bigger. But it was reliable, well screwed together, and I'd certainly buy another Hyundai now that I have access to a couple of other dealers in the area. Plus, I have friends and family who own and have owned Hyundais and Kias that have performed admirably. So I'm not concerned about quality or reliability.
I still want a Camaro, but this makes for a good fallback option. Especially if I end up having to buy used, as Hyundais depreciate a lot and good deals are to be had.
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Better make sure my passing lane change blinker works...

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