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Yep, and I'd even go so far as to say it died with the E46. I purchased an E46 M3 about eight years ago, after coming from an E36 M3, two Z3M roadsters, and a Z3M coupe all of which I absolutely adored. Let me tell you, I despised the E46 M3 after about a week and sold it within a month. The car to me had absolutely no soul, I HATED it.
If I was forced to make a decision between any of the prior M3s, I'd take an E36 M3 in good condition over any of them.
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