I gotta say I'm really impressed with most people in this thread. I expected more badge-fanboys that would just say 'eeew a ford my bmw is the best' it's nice to see its the minority here.
Hopefully this is the car that makes BMW wake up. I just spent the past few months knowing nothing about the Mustang but drooling over the M235I, everyone begging for LSD, 330hp and such, then BAM I'm barely considering the new 2 series now. I do love the nicer BMW interiors but I'm more interested in the cool exterior and most importantly the 420+hp NA v8 in the Mustang. The new look and ditching the truck axle really changes everything. I can still keep an E39 around for some BMW goodness.
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