Well I had the choice. Test drove a 2008 R32 with 48000kms on the clock, priced at $43880. Felt very slow to react under throttle, but liked the sound of the beast. I say beast because the test drive circuit had more than a few roundabouts, and it didnt seem at all too happy turning in - much happier in a straight line. Next I tested an R, the whole package felt more balanced, and managed to pick a 2010 with 10k on the clock up for $49500 neat from a dealer.
Sure the R cost 15% more, but was 2 years newer, still had 2 years factory warranty, (feels like) it turns in quicker, and has a functional centre console computer (which the R32 didnt). Needless to say Im very happy with my purchase - the next generation of engineering and refinement sealed the deal for me.
For the record I also tested an 135i (VERY minimalist interior, no chance to put child seat in the back), and a Mini Cooper S (fun but too small). Looked at a GTI with adidas seats - fine if I wanted my football boots to be my car but cant see myself giving anyone a ride without stupid comments - say if I were to drop a feminina home... Looked at a GTI Pirelli but the trim was way too over the top with yellow stitching and strange grooves in the seats. Great for the fully-sicks Im sure, but not something Id be comfortable giving my director a lift home in.