Just picked up my 2002 S with silver/black. What a car! I have owned a '97 328i and '00 540i, and I can tell you that the S is the most fun of the three (with much lower maintainance costs). The engine is a blast, but the suspension is what puts it over the top. Cornering at 40 mph is dream, interior is minimalist and slick. I am sick of paying the status prices according to BMW, Mercedes and Audi. They do make excellent cars, but nothing they make in a roadster can touch the S (having driven the M roadster, SLK, and TT). If you love to drive, this is the car.
Suspension, suspension, suspension!!!!
Still could use more watts in the stereo, the 12 volt outlet is awkawardly located.