Yes, correct, they say that it would not be called M3 if it is bassed on the 4 series. So most problably they will call it M4.
I was saying that is pretty ironic for them to say that the M3 is an icon and after that they change this icon's name just because the coupe is bassed on the 4 series. And then the iconic name M3 will remain on the 3 series four door that was not so much of an M icon. The coupe was.