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Having owned an e92 M3 and now an M4 the M4 completely destroys the E92 in relation to outright pace there is no comparison at all.
Once you start tuning then all bets are off the twin turbos in the M4 completely monster the older car and what can be achieved.
Simply using Bootm0d can put the M4 well over 500 bhp for less than €500 however I do agree the noise of the V8 is so much better and I miss that.
I still prefer the sound of the v8, at the VAGE show yesterday we had a few forum members here, e46 M3, e63 M6, e92 M3 and my M4. They all sound great in their own way but I think the v8 just does it for me on sound. OK the v10 of the M6 is exotic , have a listen this with headphones on! The v10 is epic!
the M4 is stupd fast but I think the prpeviosu generation have more soul. I think Moe summed it up right with the piece about how the car feels. Outright power isn't everything. Within 6 seconds you can be in license losing territory, where's the fun in that? It is part of the reason I held on to my Mini, it just feels like you're goona die without having to hit ludicrous speeds.
https://www.youtube.com/watch?v=uL9JeriR1wk