If I had to choose between the two it would be the M5. It's roomier interior and the V10s got me sold. If I were 25 yrs younger, I would choose the M3 without a doubt. Current '06 models make it very tempting for those looking for this car in this price range.
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E60 M5 Silverstone, Balloon White Gallardo Spider, Rosso Corsa F430, Audi CG Q7 Sportline, IS R8 before and DG R8 now, Basalt Black Carrera GT, SG M3 DCT, Orange GT3RS, IS CLK63 Black Series
On order: 2010 R8 V10
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