I still say fre-face ftw.
As soon as they turned those front signals upside down, it killed it for me. Those upturned lights look gross to me, and they just kept them going since.... probably why I don't like most new BMWs. I mean sure, I respect their abilities, but I don't like the styling anymore. E92 is the only exception so far.
Facelifted e46s look too "soft" to me... but, that's just my opinion, doesn't make it fact.