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I think OP just needs to determine whether he can afford the expensive maintenance. It's not one of those forgiving cars where you can let maintenance slip. If OP is a student working for crappy pay then look elsewhere. If OP is a spoiled brat kid like Hyde AKA Renn (you know the ones that make public posts about not having baller Xmas dinners) living/working off their parents then sure. Why not just buy an E92 then.
I've driven tons of them, lots of my friends have had them, worked on tons of them, they're truly an amazing car. If you're truly an enthusiast, you'll love the car. Just make sure your bankroll can afford it.
Do some research yourself on the BMW forums and see what problems arise and get an idea of how much things cost to buy, replace, maintain and repair. If you're financially prepared....GO FOR IT.
I personally like the E46 better than the E92 in terms of the overall feel. Seems more balanced.
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