I've owned an E46 sedan, 128i cabrio and E91 wagon. The only downsides to the 128i is a lack of rear seat space, a smaller trunk and somewhat poorer Navi implementation (at least on the earler models).
My wife & I have taken long trips (up to 8,000) miles in the 128i and it handles very well, is quite comfortable and averages 29~30 mpg on the highway.
Tom
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