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For some (such as myself), the engine was the deciding factor to get this generation M3 now vs the next gen. The new turbos (including M5) still have quite a bit of lag and the sizes of these newer M cars are making them less fun to drive. There are only a couple engines in the world that have/had the same linear power delivery and rev characteristics of the S65/85. Will be interesting if the sheer production numbers (esp the E92) will render the 'special' factor a moot point in the future, or if similar to Porsche and the last of the air-cooled engines, whether some sort of desirability/collector/'end of an era' status materializes over time.
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