As for this engine in a street car.. you are going to roll the dice, assuming that it still passes smog you might be able to get away with it in some states. CA would be a HUGE dice roll...
Faster then the same year non Turbo 911, and still faster then any Caiman but the R. Useable back seat and huge trunk.
low $20's for a well maintained low mileage >60,000mile car. Cheaper if you are willing to go for pre 04 cars with 80-110k miles. Think $18k!
0-60 in 4.8 and a 12 second quarter, plus you get the most reliable 3 e46 according to consumer reports, and the sublime s54b32 engine.
Downsides are the valve adjustment service every 24k miles, @ about 1,500 bucks...
There's a car goin' 'round takin' names,
And he decides who to free and who to blame.
Everybody won't be treated all the same,
There'll be a golden ladder reachin' down.
When that Puegot comes around.
The hairs on your arm will stand up,
At the terror in each slip and in each bump.
Will you partake of that last offered rev,
Or disappear into the potter's ground?
When that Peugeot comes around.
Hear the trumpets hear the pipers.
2 point 6 liters singin'.
Multitudes are marchin' to the big kettledrum.
Voices callin', voices cryin'.
Some are born and some are dyin'.
It's alpha and omega's kingdom come,
And the whirlwind is in the thorn tree.
The virgins are all trimming their wicks,
The whirlwind is in the thorn tree.
It's hard for thee to kick against the pricks,
"And I heard a voice in the midst of the four beasts. And I looked, and behold a red Peugeot, and his name that sat on him was Death, and hell followed with him."
I have been lucky enough to own and or drive many M cars. The E9X may be faster then the e46 but it is no where near as fun to drive. Plus the e9x feels way down in torque. The S54b32 is an amazing engine, nothing really compares to it, except maybe the s2000 and rx8. But those are both slower cars, there is a magic to an engine that makes power only above 4k rpm. In the S2k and Rx8 they feel underpowered at low revs, in the e46/z4m/later z3mc with the s54b32, has more then enough power down low, but hit 4k rpm and the car takes off like a scalded cat.
The e39M is an amazing car, it feels light, and it almost a sports car. The e60M is a monster do not get me wrong, but the car is heavy and it is more of a grand tourer.
The e46 and e39 (as well as the e30) M cars all whisper in your Ear "do bad things/hold the revs a little longer/there is not a cop on that onramp..." the E9x and E60 M's are fast but not really magic feeling.
True all of the previous M cars have been the cars that all others are judged against, but only the e46M has been called a punk rocker in a tux, and lets be honest isn't that what M should be?
M is not dead, just something different. It is a little sad, but with CAFE and other MPG restrictions there just was no way not go FI...
Seriously short sighted on this one...
Even then you re-read that part just to make sure it was the driver... Come on admit it...
In Other News it is not true that Chrysler RAPED AND KILLED A GIRL IN 1990!!!