I don't have any personal experience but I am pretty sure that the foam will dry out
Seems like you do have personal experience with this issue. Why didn't you say so earlier?
Well, I don't know how long ago that was, or how old your Camaro was, but I sure hope they have improved their materials, or something.
Somebody joked about lawnmowers, but I've run the same foam filter on mine for over 10 years and it's not dry or brittle, even though it sees plenty of engine heat. The foam inserts in my rear parcel shelf vents, though, are cracked and turning to dust. They get UV rays, were never "oiled" and are most likely not of the same grade of materials as a modern foam air filter, which is designed to take the abuse of living in a hot engine bay.
At least, I hope so.
