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I love my E46, but 1) The paint sucks! (Bird droppings burn in too quickly!) 2) Repairs are expensive: (3 door dings = $850 to repair.) 3) Dealership responsiveness is not consistent: (I live in South Bay, CA, and South Bay BMW is great. Long Beach BMW sucks d*ck. I told them I was going to complain from a service visit, and I have yet to receive the regular service call from BMW to get my opinion about the service I received.) 4) It seems like the further I park out, there's always someone who wants to park next to me and ding my doors. 5) The E46 is great, but it's but for a manual in mind. I feel like the Steptronic was an after-thought - not nearly as responsive.
Some of my reasoning is irrational, but that's enough for me. Of course, the Mazda would not have as much verve as the BMW, but I would like a car that is moderately powerful w/o having to have to mod it out and void warrentees in the process.
Just my thoughts...