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No Z comes with tire pressure sensors (regardless of year). However, they can be added. Instructions can be found here: http://www.stopforce.com/RPO.html
The parts you need are sensor GM part# 25731358 and nut GM part# 25708165. You need four of each. You can order them from http://www.gmpartsdirect.com for about $235 for a set of four.
I am getting some used coupe wheels with used EMT Runflats on them with sensors on them. Is it possible to use these sensors on my Z06 wheels/Toyo tires (non runflats)? If so, then I just need a tech II to turn option on in the DIC correct?
No they won't work. Year 97-00 are one model and 01-04 are another. You need the newer sensors for your car. They are smaller and don't have the O-ring.
Designer Imagines A Corvette That Looks More Like a Corvette Than the Corvette
Slideshow: A Jaguar designer's personal project imagines what a modern front-engined Corvette might look like if Chevrolet revisited the golden age of the Stingray.