I own an e36 M3 evo, the best car I have ever owned and will be keeping this for a while.
You can still get M3 with BMW extendable warranty that covers parts such as VANOS, engine and transmission problems should they arrise.
In regards to M3s are like clits, hmmm you prob see alot of 318is dressed up, but then again you do see alot of dressed up 2.0 sapphs, and mk5 escorts. Ohh and S2 RSTs are rare arnt they!