I traded an '08 335i in for my Cayman S last month. I considered the M3 as well. I DD my Cayman, I custom ordered mine with the necessary items to make it a good daily (PDK, Nav, Ventilated seats, etc. ) as well as most of the performance options (Sport chrono, PASM, LSD). I think if you're ok with a 2-seater, it makes really good DD. Between the front and rear trunks, you can fit a surprising amount of stuff, I use it for my weekly Costco run. While I liked the M3, it was too much like my old car and doesn't handle quite as well as the Cayman. The overall quality of the Porsche is also noticeably better.
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