Well, we sure can talk about the engine, which is my main objection to the 1M. But the look is a question of taste, and honestly, I've never liked the E92 (and the E90 neither). That's actually the main reason why I currently drive the 135i. The E92 got way too big, it looks so heavy and unathletic... and has an ugly rear. The only part I really like is the front, especially the headlights.
But it's not really fair to compare these 2 cars. Okay, the price difference in the US isn't that big, but that's not the case in almost every other country. In Germany the difference is about $ 25'000, in Switzerland probably almost $ 30'000. And the M3 consumes almost 30% more petrol.
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