Hey mate, I checked out the M235i the previous weekend. What an absolutely beautiful engine and transmission combination. Also the styling was a big plus. It's a HOT little package that's for sure. The car really is fantastic and I would be looking at it in a heartbeat were in not for the pricing and lack of a few key features that I want in the car, blind spot assistance and radar cruise, both of which are not even options.
For my budget and wants, the S3 sedan is still a ripper of a package.
I just bought a used A1 today for a bit of a bargain, to replace my wifes Civic. So that should keep me entertained on weekends while I wait for the S3.