This looks fantastic. The M3 has moved so far upmarket that while it is attainable, it would be stretching it a bit for me, especially that I like options so much. The 1M was great, its price i think was perfect, the major flaw was that it was so limited. I don't get why there's a 2012 135i and a 2013 135is but no 1M.
This car looks (or at least the rendering) looks amazing. If they can keep it in high 40's to low 50's they'll have a winner. I'd be all over it.