Looks real to me.
Doesn't seem so bad, actually. Then again, I'm somewhat intrigued by the 5 GT in M-sport guise.
If you assume the interior gets more refinement than the standard F30, this car seems like a good alternative to the F31, and would have better driving dynamics than an X3.
2016 M3 - current
2013 ActiveHybrid 3 - sold
2012 M3 coupe - sold