I'm sure back in the days, this same debate went on when the SBC first popped out, and flathead running guys were all annoyed at it.
I have a friend that just put down more hp than my 489 with a 402 stroker LS1...and more TQ too...and it sounds like my BBC...
First time I opened up my 08 Z06 I said "da&n, I think it pulls as hard as the camaro!".
Comparison factor: the LS7 puts down about 450 rwhp 365rwtq stock, add a mild cam, you are at 500-515 rwhp...and that's just a cam and tune (no headers, no exht mod, stock intake etc).
I love BBC, but to be quite honest, if you want to rival the up coming "new kid" (talking about the LS engines) then you better build something like 540+ with really good heads.
Aftermarket LS blocks can be bored and stroked to 532 ci. Now, all they need is a head with enough volume to support those cubes.
Cubes for Cubes, the LS will win.
Yeah, it's sickening to know that my "hot rod" is probably not faster than the DD, and if it is, probably not by much!