No. BMW M have gone on record that the production car will debut at the IAA in Frankfurt next September. After international launch in July ,
The car will be in Geneva but only as a teaser "BMW Concept Car M3" similar to the "BMW Concept Car M5" in Geneva in 2004. As is the
"BMW Concept car M3" on the E46 back at the IAA in 1999. Before World debut of production car in Geneva in March 2000.

With the M3 entering the FEP programme
engineers are also using their allocated time frame to thoroughly iron out any production problems which as plagued early production of M cars.

BMW M will also get to back-back the M3 with the new Audi R8 which will be another competitor for the M3 In terms of output which the new car has been benchmarked with diverse sports cars not only the Audi RS4 , but the Aston Martin V8 Vantage , Mercedes CLK63,Porsche 911 amongst others.
The timeframe will allow BMW to make some additional updates or adjustments.

European sales will begin towards the end of 2007 , USA sales expected Summer/Fall 2008. The USA M3 has the same timeline to the M6 as market adaption requirements will fall in with this time scale.

Exclusive Price lists and optional and standard equipment specifications which have been doing the rounds on Motoring sites and enthusiast forums are completely false because BMW marketing have just started on the European specifications. BMW dealers do not get official notification until nearer offical launch.