I have to agree the new 35is is no M, but its a really nice drive. The big, simple problem is those tires. There hard and very loud on certain road surfaces. Real shame as interesting that BMW didn't put run-flats on the new M135i, as that has had some great reviews in the press.
I have to say adding more power to a standard car is good, but you really need to address the chassis as the 35is struggles to handle the standard power. However the chassis can be easily resolved with better springs, anti-roll bars, better tires and a proper LSD. Would be interesting to see a review of a 35is with good tires and a proper (LSD) Diff.