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I have not owned a M roadster, however I was in the same predicament as you. When I stumbled across the M roadster, I was completely stunned by the beauty of the interior and the quad exhaust pipes were impressive. The power of that car was also very impressive and the torque was greater then the Boxster. I have heard problems here and there with the s52 pre 2000 engines. Ican't quite remember what right now because I was in the market about a year ago.
I now own a 2004 boxster 2.7L and the handling of my boxster is a lot more confident then the M. Although I might not have the torque, I feel my car is a lot more balanced. The interior of my porsche is inferior to that BMW. But in the end, nothing will give oyu the same driving experience as the porsche.
Just my $.02
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