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It does seem like there's a little room to work with here, especially with BMW getting semi-serious about returning four bangers to the our shores and the push upmarket of the new Z4.
I had a Miata that I still hold is more fun and a better car than the Z3 or Z4, especially if you consider price and the new Miata is rumored to be getting smaller and lighter, leaving room back where the Z3 was size wise. If BMW could keep the weight down (not use the 1er platform) this would be an interesting project. If it's just a 1er with less practicality, but with the same heavy chassis and a straight six, I don't see the point.
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