I looked seriously at the Z3's before buying my Boxster.
Styling - I really liked the Z3's, thought I might warm up to the Z4 (it would grow on me), but it hasn't really. It's just not a "beautiful" car.
Power - seems more than ample in the M. Should fly.
Brakes - even if "upgraded", hard to believe they will be a match for the Boxster.
Handling - same as above. Low CG and balance win.
Ownership - there are a lot more BMW dealers and garages than Porsche, maybe easier to take care of it.
In the end, I chose Boxster, & still would today.
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