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08 m3's are great..that isn't the issue. Although my 08 m3 has the older idrive/nav I have an 12 x5 with the newer setup and I really don't waste any time when driving my m3 worrying about not having the latest nav, it is still extremely functional.
That being said, personally no way would I pay mid 40's for an 08..I would rather get a newer model with more miles but with some warranty left, newer idrive, and probably even new enough to have the newer lci taillights.
To clarify, I don't think any problem getting an 08 at all, I would just shoot for upper 30's and right around $40k but not worry about getting such a low mileage one. ~20-40k miles would be a much better buy in my opinion, esp in terms of resale and new model coming soon, etc. Really I think 08 m3's are one of the absolute best bargain performance cars right now.
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