For a 1-Series? M or not, I'd pass. 
1 series M, that has a 10 sec better 'Ring time than the E46 m3, that had roughly the same amount of hp
340Hp & 3400lbs @ 50grand = failed
I thought so too, but they want to focus on handling...remember the E30 M3 wasn't all about power, but about handling, apparently, that was M Division goal, directive (and Marketing's as well) to recapture that...
Parker, what do you think of the US version of Top Gear?
Also, what do you think of (so far) the new Viper being the fastest?
I've only seen parts of it, I like Tanner, dude is insane and a better driver than Jeremy Clarkson, but not as word-smithy as him, i liked the Viper piece...