It's finally here: an M3 as good as the Europeans get. After years of longing (and pleading, and whining) by North Americans, and after taking model year 2000 off, BMW is now exporting an M3 with a new 3.2-liter engine, bumping the horsepower up from 240 to 333. The icing on this cake was the price, reflecting an increase whose value was greater than its numbers. Introduced late as a 2001 model, the 2002 is essentially identical.