Read what he said carefully bro, he is paying 33-36K in pounds. 1 pound=1.44 dollars.
Wow I assumed you were getting the M3 cheap, it's rather you guys are paying a lot for the Z. Under those circumstances I'd get the M, a major proponent for the Z stateside is the bargain factor, for around $25-$30K its a great buy but if it were 33K in pounds or $47,000 I wouldn't feel the same.
All in all, the e92 is a beast, but it can be beaten depending on driver ability. In my case my driving ability was the winning factor in holding off the bavarian beast.
I'm a fan of the e46 M, it's still a competative car, but I think as the aftermarket for the Z develops a lightly modded Z v. a lightly modded M, the Z will have a higher rate of success in a straight line and probably on a track as well.
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2009 Carbon Fiber/Red 370z aka Trish: Sports Package, Meisterschaft full catback, Fast Intentions Longtube Headers, Injen Long Tube Intakes, UpRev Tune: Sold 
2008 Lotus Exige S Club Racer aka Bella, always leaves me smiling
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