I'm more than happy with my first-gen Delta platform Cobalt SS Turbo for ride and handling and it didn't have the Watts linkage (Z-link), although looking at some base model Cruzes without it the rear axle assembly does appear a little lighter duty, but that's not necessarily a bad thing.
I've read some of the press info but was rather curious why GM added it anyway. If you're looking at improving handling I'd probably focus on quality shock/dampers and bushings first before jumping to a rear axle swap.