Some interesting reading if you're interested in making your 330i as fast as a M3 around a track yet want to use it as a daily driver as well.
http://www.turnermotorsport.com/html/images/e46_zhp_article_roundel.pdf
http://www.turnermotorsport.com/t-project-e46-330i-zhp.aspx
http://www.turnermotorsport.com/html/images/e46_zhp_article_roundel.pdf
http://www.turnermotorsport.com/t-project-e46-330i-zhp.aspx