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Here is the deal.... (archive)
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Posted by Stephen on November 13, 2000 at 00:34:58:

In Reply to: E46 M3 GT! posted by GEORGE on November 11, 2000 at 15:59:00:

Rumor has it: 3.4 liter 363hp with a 200lb reduction in weight from increased use of aluminum, lighter 'hollow' carpet and single exhaust system.
Where did I hear this? A BMW employee (bean counter) in Germany who DOES NOT work near any M car so who knows.

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