batsbats
It may be controversial alright, and some may consider it blasphemous to put a japanese engine into a bmw, but if it were BMW making a 4 cyl engine with 240bhp...You can guarantee it would work the other way around.
Im not a slave to any brand, i do whats best for me and my enjoyment of the car.....as i think everyone else should do. Dont fit an inline 6 because some stranger on a forum slagged your 4banger, fit the engine that suits your needs, and your desires.
I used to be a member of bimmer forums, but the amount of abusive, arrogant and racist users on there, really puts a downer on the whole place.
Ive met some very nice members of there ( darkside m3 anyone?), but for every 1 nice person there are 100 A-holes.
9k+ Rpm REEEAALLLYY appeals to me, and it is something that would take allot of money and compromise to achieve with the m42.
tjts1
thanks for the suggestions

Il try share my views on each
The rotary/wankel...see bottom of this post
Ls1 v8- Nice engine, lots of torque but heavier than id like (though not that heavy)
also it doesn't rev to the astronomical levels that i desire...at least not without spending allot of money.
Sr20det- Fantastic engine with lots of turbo power, but at 450lbs it is extremely heavy.
Ever noticed that s13, s14 and s15s drift so easily? its because their weight balance puts allot of weight over the front wheels. Which leaves the rear end to act loose, but not carry too much inertia, so that slides are easy to catch.
E30_4cyl and tjts1
I would consider the rotary engine, its very light and can rev very high.
The only thing that wold put me off it is maintenance. The apex seals have a tendency to wear quickly if not looked after, and the engine requires a rebuild every few years. Not too bad in japan with loads of RE specialists, but in Europe (ireland especially) any company who does RE rebuilds are going to charge you through the nose for it.