I switched from an E36 M3 to a Boxster S.
The M3 is a better daily driver in that the visibility is better, there's more space, it's quieter and a bit more comfortable and it gets better gas mileage. The M3's engine sounds amazing, it's extremely flexible and very smooth when revved out.
The Boxster is a more focused vehicle. The M3's steering is slow and numb - the Boxster's is quick and full of feedback. The Boxster has better brakes. The Boxster's top goes down. It's a bit quicker than my lightly modified M3 in a straight line, but the Boxster destroys the M3 in the twisties. The M3 was sloppy, tall, tippy and overall very imprecise compared to the Boxster.
Having driven several E46 M3s, I never warmed up to them. Too heavy and too numb and I hate the sound of the exhaust (which, fortunately, can be fixed). They're not the light-feeling, nimble cars the E36s were.
I would love to pick up another E36 M3 as a daily driver. They're great cars.
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