well there is some information out about the 1 series from the Frankfurt auto show. from what I've found so far its not to much more info than we already know. But there is a little more conformation on the price. this little article says a 135i will be in the mid 30K range so about what has been expected.

http://www.autoweek.com/apps/pbcs.dll/article?AID=/20070912/FREE/70912003/1024/FREE

The 135i is going to be a great car for the money!

The 128I is going to be a great bargain also. from the sound of it it will be as fast or faster than any sporty VW and close in price. hmm get a BMW or a front drive VW not a hard choice for me. ofcourse I'm going for the 135I

Pretty much... you are getting a car less the price of the 335i, but w/ all the performance capabilities, which translates into an M3 beater as well!!