I had a meeting with my N.A. rep. on Friday, and to make a long story short, there will not be a European Delivery "program" for the E46 M3... :(
It will be possible to take delivery in Europe, however there will not be a reduced price, and all vehicle will be coming out of dealer allocation... BUMMER!!
IT LOOKS LIKE YOU AND STACIE ARE JUST GONNA HAVE TO VISIT SANTA BARBARA AGAIN!!! ;-)