Actually the car is pretty practical in an odd sense. My Dad owns a Z06 and you are bang on, when it comes to ease of driving the thing is incredible. Leave the action handling on and the car will make you look like a god. Point the steering wheel where you wanna go and it goes there. That said, you turn off the action handling and you can easily scare the sh!t out of yourself. It has a rediculous amount of torque, so much so, launching the car is effortless, gas isn't really even needed. Just let out the clutch and drive. It's also a very comfortable car to make long trips in and can easily pull 30 mpg on the highway, IF you maintain close to speed limit speeds.
It loses all practicality the moment there is any sort of moisture on the road at all.
Terribly fun car to drive, and a cRaZy attention getter.
That said... I love my car.