Fifth Gear: 2008 BMW M3

"The M3's V8 powerplant has two more cylinders than its predecessor, delivering 420 hp from 4.0 litters and maximum torque of 295 lb-ft at 3,900 rpm. In keeping with BMW's high-revving "M" tradition, maximum engine speed is 8,300 rpm. The engine is the lightest V8 in the world, weighing less than the previous M3's inline-six."
The M3 will target the Lexus IS-F, Audi RS5, and Mercedes CLK63 AMG.
A convertible version is set to come out late 2008, but who cares about that.