Just some pics of a project in Greece.
Dont know much about it, found it on the Internet while searching an E46 M3 2002 model... (haha)...

Looks cool.

http://img527.imageshack.us/img527/3633/image00033tq8.jpg

http://img527.imageshack.us/img527/7420/image00034wc3.jpg

http://img527.imageshack.us/img527/7500/image00035en1.jpg

http://img179.imageshack.us/img179/7545/image00036hn8.jpg

http://img340.imageshack.us/img340/6706/image00038sj9.jpg

http://img179.imageshack.us/img179/7600/image00037ia9.jpg

Nice! Cool project. Not a big fan of the widebody though. Fender flares would have looked a lot better IMO

that is a s14 from an e30 m3

Edit: i thought you said it was an e46 m3 engine. my bad.