Specs and photos are out now for the new M3 that is slated to be available in North America in 2008.  Each time BMW comes out with a new M3 lineup, I think that the next line couldn’t offer that much more, but then they always seem to outdue themselves.  This M3 will have a 4.0 liter V8 in place of the 3.2 liter straight-six used on the past model.  The new V8 is even lighter than the straight-six. 

AutoWeek coverage of M3 production release

Autoblog’s M3 photo gallery

Autoblog’s link to video coverage

I also noticed on BMW’s site today that there is an updated version of the 5 Series coming out as well. 

BMW 5 Series Update