Actually the poster is right, BMW has officially responded to the issue concerning the e46 M3's engine failures by specifying a new crank shaft, con rods, and a variety of other parts beginning with factory build dates of 11/2002 and later. In fact, dealers have already begun receiving updated service CD-ROMs, with full part numbers for ordering. I suggest any e46 M3 owners lurking on this board inquire about it whenever possible...Oh and no, so far there are no plans on offering a TSB-related goodwill replacement on engines made earlier than 11/2002. Nice eh?
Ok so back to what the poster asked, which wasn't about engine failure issues...
For me the e46 M3 was a prime candidate, frankly nothing can touch its mix of performance, capability, and practicality for under $60K new. Period. However it's a very heavy car 3,410lbs, with over-boosted steering, and while driving it I always got the impression I was simply in a fast sedan. Certainly not that "Le Mans GT1" feeling I get from the low height/low cowl line NSX.
To me, in the M3 it seems that when you're doing 80MPH you're actually doing 40MPH, while in the NSX I feel the opposite: 40MPH seems like 60+MPH. Much more visceral sports car experience.
I liked the M3, but its weight and high ride height combined with its over-boosted steering turned me off. But it's a fab car and I suggest you drive one and compare it to the directly to a late model NSX.
[This message has been edited by MAKO (edited 10 December 2002).]