I guess your are right, and I hope you are right IT WILL BE REAR WHEEL DRIVE.
1 series expected in 2004 will be 4 door version
2 series will be 2 door and convertible versions (2005)
base price will be around $21,000 US and M1 will be around 40,000US
1/2 series will compete with Audi A3, Golf 5, Alfa Romeo 147
2004 Golf 5