Voltron, I owned a 2002 E46 6sp manual M3, last year I sold it
No oil consumption whatsoever and I did drive it hard(when engine was warm)
Superb engine response from even 2000rpm to redline 8000.
EDIT:
http://www.gummen.org/images/album/0304lely01.jpg
This is me on a small track a little sideways, last year
