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Fast forward to 2008, where the luxury sport landscape has been riled by the introductions of the Lexus IS F and Mercedes-Benz C63 AMG, with the thunderous sound of RS 5s and supercharged CTS-Vs rushing to crest the horizon. BMW’s M3, last sold in coupe and convertible forms for the 2006 model year, took a hiatus during 2007 and has reentered the market in coupe and sedan guises; the convertible will be available later this year as a 2009 model. The intense pressure to remain on top has led to an M3 first: a V-8 engine, one with 414 horses and 295 lb.-ft. of torque, neither of which represents best-in-class. Nor does the 4.7-second 0-60 mph performance, or for that matter, the M3’s 155-mph top speed. Still, performance cars are based on handling as much as raw power, and that’s an area where the BMW continues to shine, thanks in part to M Dynamic Mode technology. Plus, the SMG transmission has been replaced by an optional seven-speed, double-clutch automatic, so there’s plenty for BMW and M3 fans to remain happy about…even if continuing to be the best of the best isn’t necessarily among them.