After some 32 months of driving a 97 540iA I finally gave in to my urge to own the 328iA which I first enjoyed at the BMW Ultimate Drive last summer.
My initial reaction is very positive in that the 328 is much more responive to driver inputs than the 540. The 540's steering always seemed to me to be too "mushy" which I always believed was due to the extra weight of the V8 engine and the recirculating ball steering.
The sport package seats are very comfortable and hopefully I will adjust to the reduced size of the 328. The HK system sounds better than the standard stereo in the 540.
I got the sport package, premium package, heated seats, Steptronic tranny, HK system, and the CD radio. MSRP was $41,345. Exterior color is Fern Green and the interior is grey.
I will update everyone on my perspective after a few thousand miles behind the steering wheel.
All in all my initial reaction is very positive with the Steptronic tranny being my favorite new feature of the 328.