It's the send off but it also begins the dawn of a new era.
The new era of compact small sporty M models that will offer the same level of excitment and dynamics as rivals that cost two or three times more.
The M1, as it most likely will be called to provide continuity with the rest of the M cars will spearhead the direction of the next generation of compact sports models.
Although for european customers BMW will offer a rawer GTS stripped out model with a drop in weight and key equipment for keen enthusiasts but will not be available in some markets due to strict regulations regarding federalisation.
Although the next 1er Will spearhead a range topping M variant as part of it's portfolio. This car will not arrive until late 2013. BMW will offer two varying performance models using a turbo charged four cylinder- That will carry the Tii badge and be available as a 3dr Sporthatch , Coupe and Cabrio as an entry performance model. By adding the Sporthatch to the mix allows BMW to appeal to core markets where the hatch is king and have a rival to The VW Golf GTi and Audi S3.
BMW will also offer a Performance diesel in Tii specification.
Accompanied by this will be the Z2 Twins. Modern interpretations of the 328mm Roadster and coupe and using the same lightweight philosophy.
Expect to hear more "Officially" about the BMW M1 in a matter of weeks.