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I'll be graduating in May 2009. As far as the car goes it will be very much worth it to give it some extra time to ensure you can get the Camaro, assuming things like loans, relocation when you get that job, rent, etc.
Job security is important to tie down before making a substantial car investment, and for guys like you and I, I hope it won't be too much longer before we get those jobs. I guess the name of the game is patience for now (concerning the car). And who knows, a few years down the line you can afford a C6 after some happy memories in the new Camaro.
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