Big K,
I was looking at both (as well as the Camaro SS, all 2001 models) before finally choosing.
Are you looking for something that hold more than two people? If so, neither are for you.
Are you tall (the name big k)? I am 6'6" and the lightning is A LOT more comfortable for a big guy.
In terms of quickness (your typical 0-60 sprint), both vehicles are equally fast. In fact I've surprised more than a few LS1 powered vehicles - even Corvettes. They have a traction problem unlike anything I've ever seen... Particularly with the 6-speed.
The Lightning has a lot more class to it. Period. You'll get quite a few looks, from young to old, and they ask questions. "What is it? Is it fast? Is it stock?" And you don't have that "boy racer" image...
I'm from Toronto (ha-ha... Team Gretzky won the gold:tu: ), and the Lightning gets garaged for the winter. Neither vehicle was really made for winter driving.
Oh, and insurance is a LOT less, for me at least. I pay $2,450/year for the Lightning, and the lowest quote I could get for the WS6 was $3,800/year (24-year old male)
The WS6 does have some advantages, though. I don't think anyone here would question that the Lightning falls on its face sooner in a high speed run. Aerodynamics of a fridge. The WS6 has a much nicer sound system. Most people would likely agree with this as well, I believe. And you can get T-Tops. I've always loved the look of T-Tops (personal bias).
Ultimately, the only way you can really make an informed desicion, is to go out and try them both. I'm sure you'll have a Lightning before long
Having said that, I obviously made my choice, and I'm more than happy with it. The lightning is by FAR the most entertaining vehicle I have ever driven. I have an 80 Z28 that I'm building up (makes ~400rwhp), and it doesn't hold a candle to the truck. Everytime I drive the Lightning, everyone knows, because of the goofy looking grin I have on my face for the rest of the day.