Well, I wouldn't say the ZR1 had its head handed to it. 4 seconds on a 7 min track is a pretty small margin, however the Viper still won.
Here's the thread on the viperclub site about the ACR at the ring:
http://forums.viperclub.org/srt10-srt10-coupe-discussions/617667-acr-7-22-ring.html
The driver is actually very skilled, and has much experience. Its not likely he would be able to shave more than just a few seconds off of his best, if that.
Its actually quicker to bounce off the rev limiter than to upshift/accell/downshift/brake when going into many of the turns as he did. Remember, smooth is fast.
I own an 06 Viper and an 02 Z06.. and let me say, I love my Viper 10x more than I do my vette. Its all around a much better built car.
I'd imagine the ZR1 will be an exceptional car though.
These cars are very comparable in performance, handling and price point, however they are still very different cars. I see the vette being more of a comfortable cruiser car with style and power and the viper being more of an aggressive car with tons of torque.
Oh, in regards to the bouncy shifter. The fix is real simple. Install stiffer motor and trans mounts and the shifter will be as solid as can be. That combined with a shorter throw shifter and the car is REAL easy to drive. I have quite a few hours of agressive driving on my viper already and its probably the easiest and most comfortable "race car" I've ever been in.