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Funny this thread should come up...coincidentally, my friend is in the process of parting put his out before he puts it up for sale later in the month.
Oh and btw, he's contemplating getting a 2nd gen GS after he sells it
I have also been keeping my eye out for these M3's. A great deal now that the E92's are about to come out to market. These E46 M3's are imo the hottest M3's so far.
I have two friends who have picked up M's from the US this month. One was a red on black 2002 M coupe (the one with the M3 engine), and the other was a silver on black 2004 M3, both of them are in awesome shape and the deals to be had are kind of crazy. If I had more room I'd almost consider one. Yikes.