Of course it's another heavy pig, but honestly, in the late 80s the E30 was a heavy pig also. CRX owners would have been like "omg the 318is, which BMW is claiming as their lightweight 2002 lineage, weighs 500-600lbs more than our cars!". It's an endless cycle.
Fact is, BMW owners have and always will demand a huge amount of luxury and safety features baked into their cars. They build what the focus groups demand, and frankly the people in those groups (and the people who are buying new BMWs) aren't like us.
I still prefer the Genesis Coupe over the 1-series, and probably always will. In 1991, I'd probably want a Talon Tsi over an E30. But again, you and I aren't who BMW is building cars for...