Nice review. Apart from the low down grunt, is there anything else you miss from the d?
I've thought about an E46 M3 but not sure if I'd be happy with the slightly older looking dash and interior. I have a friend who has a E46 325i and preferred my interior. I wasn't keen on the cup holders for example. I know this sounds fussy but it's what you see the most of the car.
Total BMW had a review about buying one, saying they're £6k bargains (although they say to spend about £10k) but what they did say is to avoid red lining them?
I think finding an un-abused example could well turn in to a full time job in its self these days.