Lucky: I like (and agree with) your analysis. That's one of the things I like about this place (even if I do get frustrated by the number of teenagers who can afford an M3 when I can't...)
But that said it's mostly the same guys on the general e46 forum as the m3 sub forum, so I do kind of find it odd that a 65,000 mile M3 is considered high mileage, while a 65,000 330 is considered low mileage.
It's not like we're talking about Ferraris that get driven a thousand miles a year all on springtime Sundays.
Well, maybe if the m3s keep coming down, I'll be able to afford one. Until the first valve adjustment. (sigh)