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I'm not too excited about the way the BMW brand is evolving either. When I saw the E46 concept, I just had to have one of those and waiting 2 years to have mine built to spec. This car, though? Not interested.
Maybe with the next generation, BMW will come back around to the kind of involving car that was a pleasure to own.
The nice thing is that if you don't like the M3 design, you can get the 335 and flash the ECU which will result in similar if not better HP/TQ numbers than the M3.