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If you went the FRS route:
Pros: better handling than a V6 Camaro, lighter, more mpg (only if you went with the FRS automatic, the manual doesn't increase your current MPG at all compared to the Camaro), less expensive to maintain (cheaper tires, cheaper oil changes, etc)
Cons: Looks (if you asked an average American which car they'd rather have due to aesthetics only, I'm sure the Camaro would be chosen over the FRS 75-80% of the time), less interior room, less 'road presence', less people talking to you at the gas station (this could be a good thing), LESS HORSEPOWER, same tires as a Toyota prius, less manly in general.
My 2¢.
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