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2001 BMW M3 Coupe 2dr Coupe (3.2L 6cyl 6M)
No wonder there's a waiting list....
 Everything you've read is true! BMW's E46 M3 is really a race car in street clothes.  From the moment you fire it up, you know it is not your normal E46 coupe.  My delivery experience at the BMW Performance Center was totally first rate!  It's free and you should go if you can.  Driving (their) M3 on the track gave me first hand experience of this car's true capabilities, which I'm sad to say will probably always exceed mine as a driver. Get one!